Even though Mississippi lacks in significant renewable energy policy support, the state has seen success in its endeavors to attract manufacturers of renewable energy with a number of implemented tax incentives. Mississippi’s biomass resources remain virtually untapped, despite being sixth largest in the nation.
Democrats renewed their push to cut oil subsidies this week, saying high gasoline prices and big revenues for oil and gas companies make this as good a time as any to eliminate billions in annual tax incentives to the industry. Republicans countered that higher taxes on oil companies would only mean higher prices for consumers.
Michigan is quickly looking to make its position as one of the frontrunners for cleantech. Through numerous initiatives, investments, tax incentives, various research and development firms, and the creation of clean technologies, it is obvious that cleantech has had an impact on the way Michigan looks at renewable energy. Michigan is quickly becoming a frontrunner
Ohio, in 2008, created their own renewable portfolio standard that necessitated 25 percent of the overall energy in Ohio is created out of advanced energy sources by the year 2025. According to the portfolio, more than half of the energy created, must come from in-state sources. The impact of this standard and the venture into clean
When Congress returns from its summer vacation it will consider legislation that could energize investment in renewable energy projects with an almost “cash for clunkers”-like fervor.
Like the cash for clunkers legislation (and American Idol, and The Office), a feed-in tariff bill would be a ripoff of a European idea modified for American consumption. Bills that would require utilities to pay a premium for renewable power have been tried and failed here before, but the time (and composition of the Congress) may be right for the fight to take flight.
Introduced by Democratic Senators Jay Inslee (WA) and Bill Dellahunt (MA), the bill would guarantee a market for the renewable power projects and would do much to calms fears in today’s skittish investment arena. Feed-in tariffs have been overwhelmingly successful in Germany and Spain, basically creating the solar industries in both those countries.
Because a feed-in tariff promises American jobs and reduces foreign energy dependency, Congress will likely give the idea more of a fair hearing when the leaves begin to turn in DC.