Glad to see that Congress’ slower-than-molasses pace in passing legislation to extend and expand renewable energy tax incentives made it into the news this week.
Yesterday – May 15 – on the radio program Marketplace, Danielle Karson reported on the consequences within the renewable energy industry from Congressional inaction. Essentially Karson points out that the Federal Government’s failure to establish long-term policy objectives for renewable energy is hindering the industry’s growth. And although demand for renewable energy sources is high, investors are skittish about committing to large projects without fully knowing whether production incentives and tax credits will be extended.
Not too surprising. Of course, there are many large-scale projects in the works and moving forward. For those on the fence, however, Congressional indecisiveness takes a toll. We hope the Marketplace story spurs their listeners to encourage their representatives to find a way to make renewable energy a legislative priority.
Here’s the link to the story: http://marketplace.publicradio.org/display/web/2008/05/15/clean_energy/
