Wrong on wind credit I
How can the editorial “The wind energy credit: A shafting grows” (Jan. 5 and TribLIVE.com) bash the wind-energy Production Tax Credit (PTC) and not talk about tax credits for other forms of energy?
Historically, tax credits have been used to promote growth of new energy sources, from oil to natural gas to coal. U.S. government support for oil, natural gas and coal totaled more than $500 billion from 1950 to 2006, according to a study done for the Nuclear Energy Institute.
And while tax credits for fossil fuels are never-ending, the tax credit for wind power has typically been extended only for one to three years.
Despite that, wind power is still growing. In fact, new wind capacity reached 6,519 megawatts by Nov. 30, beating last year's 6,335 megawatts of natural-gas additions and more than double those of coal.
The fact is, with the PTC, wind power is just following the trail previously blazed by older forms of energy. Adding domestic, clean wind power to our energy portfolio adds jobs, boosts our economy and keeps our air cleaner for decades to come.
The writer is executive director of the Mid-Atlantic Renewable Energy Coalition (marec.us).