Given the dim legislative prospects for a CES this year, extension of of tax incentives is about the best the “clean energy” industry can expect this year. According to the Clean Energy Report,
“Senators are under pressure to move legislation that would extend certain tax credits, such as the so-called 1603 Treasury grant program for wind and solar, which are set to expire at the end of 2011. Senators may also offer tax credits for electric vehicles and plug-in hybrids, and incentives for heavy- and medium-duty electrification and recharging stations that expired during last Congress or are set to expire this year, sources say.”
The GOP could end the “clean energy” industry’s role in the misguided war on carbon in 2011 by holding these subsidies hostage.
Click here for a new white paper on a CES by Sens. Jeff Bingamn (D-NM) and Lisa Murkowski (R-AK).
According to the Clean Energy Report, the recently passed House Continuing resolution would:
- Reduce ARPA-E funding by $250 million, from $650 million;
- Zero out the DOE State Energy Program (SEP) and Weatherization Assistance Program (WAP);
- Reduce funding for the DOE Energy Efficiency and Renewable Energy (EERE) program — the department’s primary clean energy effort — providing for a $1.5 billion budget, less than the FY2010 funding level of $2.2 billion and well below the $3.2 billion the administration is seeking for EERE in FY2012.
The Union of Concerned Scientists (led by an English major) told the CER that, “DOE’s ARPA-E program has been a huge success,” citing an ARPA-E grant that went to University of Minnesota-Twin Cities researchers who are working on developing an organism that uses sunlight to convert carbon dioxide (CO2) into sugars and another that converts the sugars to gasoline and diesel.”
But isn’t this what the ethanol industry has been doing for decades already?