Home > 1Future > Wind Power Can Change the World — Why Aren’t We Investing In It?

Wind Power Can Change the World — Why Aren’t We Investing In It?

From AlterNet;

“What’s not always there, Dehlsen said, is government support in grants and subsidies for pioneers who, like him, struggle to come up with the millions needed to invest in new technologies in renewable energy. Federal support for wind blows hot and cold: During the past decade, tax credits for wind power have expired and been extended — usually for one or two years at most — on seven different occasions, creating uncertainty in the market and scaring investors away. The American Recovery and Reinvestment Act of 2009, or stimulus fund, gave wind power big boost with cash grants covering 30 percent of construction costs, but the time frame, as usual, was short: To qualify, projects have to begin construction by the end of this year.

To read full story click here.

By contrast, the U.S. government showers support on fossil fuels for electricity.”

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