Washington, D.C., United States [RenewableEnergyWorld.com]
After a disastrous few weeks on Wall Street, the renewable energy industry has come out a winner. It seems there's always a silver lining in even the worst developments.
The long-awaited extension of the Production (PTC) and Investment Tax Credits (ITC) were finally passed as part of the Emergency Economic Stabilization Act of 2008 (H.R. 1424) and have now been signed into law by President Bush. The tax credit package, which is the same that passed the Senate on September 24, will extend the PTC for one year and the ITC for eight years. The extensions would be at least partially paid for by a change in the tax code for the oil and gas industry.
The bill also contains removal of the US $2,000 cap for residential solar installations. The controversial US $700 billion bailout package has been in the works in Washington since last week due the failure of several major U.S. banks and financial institutions. The bill was initially voted down in the House on Monday and was re-worked and re-introduced by the Senate on Wednesday.
Last Updated on Tuesday, 07 October 2008 20:47
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Wind Energy Works!
Tuesday, 07 October 2008 19:56
Clean, renewable, wind energy produces pollution-free electricity that powers millions of American homes. Clean, renewable wind energy supports energy independence and produces jobs and tax revenue for people here at home. America needs more wind energy development for its environmental, economic and energy security contributions to our society. Wind energy works!
Wind Energy Works!
Wind energy works! because it is one of the cleanest, most environmentally friendly energy sources in the world.
Wind energy works! because it is renewable and the supply will never run out. Wind energy works! because it is a domestic energy source that reduces demand for natural gas increasingly imported from overseas.
Wind energy works! because it creates jobs and increases local tax revenues.
Wind energy works! because it helps family farmers who receive income from wind farms on their land.
Wind energy works! because the amount of electricity generated from wind power has tripled in the past five years.
Wind energy works! because more than 350,000 American households choose it as their preferred source of at least a portion of their electric power.
Last Updated on Monday, 27 October 2008 03:55
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Want a job in Renewable Energy?
Wednesday, 11 October 2006 22:13
Thinking about getting a job in the new green economy? Here is a cool video on Renewable Energy Jobs now and in the future. So check it out and get yourself a green job today!
Last Updated on Monday, 06 October 2008 19:38
Renewable California Initiatives
Thursday, 02 October 2008 20:38
Believe it or not, Los Angeles is working hard to implement renewable energy measures that will create a more sustainable city and help us to meet or exceed the state of California's goal of using 20% of renewable energy by 2010 and 33% by 2020. Both of these time frams are now law in California. The best part about this law is that it far exceeds federal law which requires the whole country to acquire 15% of its energy by way of renewable resources by 2020. California in general has laways been at the forefront of the green movement. California and the city of Los Angeles plan to develop renewable energy by utilizing:
Wind energy Wind turbines (windmills) use strong, steady wind to create electricity. Wind power emits no pollution and has very little impact on the land. Wind energy can be produced anywhere the wind blows with consistent force. You can learn more about the benefits of wind power by checking out the Wind Power News.
Hydropower Dams provide electricity by channeling water down a chute and over a turbine linked to a generator. Hydropower is considered renewable as long as it has no adverse impact on water quality and on the wildlife habitat.
Last Updated on Monday, 27 October 2008 04:00
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Clean energy initiative on November's ballot
Tuesday, 10 August 2004 06:30
A controversial initiative to promote renewable energy, backed by two Arizona billionaires, has officially qualified for the November ballot in California. University of Phoenix founder John Sperling and his son, Peter, who lives much of the year in San Francisco, are behind the Solar and Clean Energy Act of 2008. While solar energy is popular in the Golden State, many environmentalists say the initiative is poorly written and riddled with loopholes. Eco-infighting to follow.
One of the many top issues with voters is renewable energy. Its actually right up there with the failing economy and high gas prices. California, Colorado and Missouri all have measures on their ballots that deal with alternative energy sources, which include wind and solar power. An initiative in California would require utilities to obtain up to half their power from renewable resources by 2025, setting the toughest standard in the United States. This is typical of California. California has always been the leader in reducing greenhouse emissions. Although this is a progressive move, it has also drawn much opposition. Environmental groups which include the Sierra Club, along with the Democrats and Republican parties both agree that the initiative has too many loopholes as it stands. This initiative would require the utilities to add two-percentage points to their renewable portfolio each year. As it stands these companies are not doing it now. The new law would seek to fine the companies if they didn't add renewables to their portfolio. The new law, if passed, would reign in municipal utilities that are not even covered by the law. These municipal utilities are guilty of using some of the dirtiest fuel out there: Coal. The state of California's public utilities commission projects that California utilities will miss their target by at least three years as they are having trouble reaching these goals already. Another California proposal would allow for $5 billion in bonds to give rebates for alternative-fuel vehicles and to promote renewable energy.
