Business guru blogs about the latest in green biz.
Weekend reads: Clean energy and the election
Examining tax incentives for the clean energy industry and what Americans really want to see in the energy sector.
Fri, Nov 05, 2010 at 03:52 PM
The midterm elections dominated this week’s news cycle but many environmental advocates are wondering how clean energy and green jobs will fare over the next two years. Here are few stories about the clean energy industry, green jobs and the election
to read before you head off for the weekend.
Shelley DuBois tackles the topic in an article for Fortune online.
“Renewable energy developers fear that Republicans won't extend certain production and incentive tax credits for green energy. Production credits are meant to stimulate construction of new renewable energy power plants, and incentive credits are mostly meant for homeowners who want to replace or upgrade their residences with renewable or energy efficient heating and cooling systems.”
If these tax credits aren’t extended and new clean energy investments aren’t made, we’re likely to see a standstill in the green jobs department.
Larry Schweiger examines what Americans want with regards to clean energy in his post for the National Wildlife Federation blog.
“Out of the 211 Democrats who voted for ACES, only 41 either lost or retired and saw their seats go Republican. Thus 81 percent of Democrats voting for the climate bill won their races.
Of the 44 Democrats who voted against ACES, 28 lost, retired and lost the seat to Republicans, or in the case of Parker Griffith flipped parties and lost the Republican primary. That means 64 percent of Democrats voting against the climate bill lost their seat.”
Maybe the swing from the midterm elections won’t have as significant of an impact on clean energy and green jobs as some of us think!
In this opinion piece on InForum, John Viacrucis looks at how special interest groups affiliated with the oil and coal industries poured millions into this election.
“Many commentators and political pundits will now argue that action on climate and clean energy is too risky, given the election results. But they have it exactly backward – despite the fossil fuel lobby’s efforts to convince us otherwise, policies that will reduce global warming pollution and create millions of clean-energy jobs are supported by the vast majority of the American people.”
It looks like John and Larry share similar thoughts.
The opinions expressed by MNN Bloggers and those providing comments are theirs alone, and do not reflect the opinions of MNN.com. While we have reviewed their content to make sure it complies with our Terms and Conditions, MNN is not responsible for the accuracy of any of their information.