Tumblr Icon RSS Icon

January 2 News: Fiscal Cliff Deal Extends Wind Tax Credits One Year

Posted on  

"January 2 News: Fiscal Cliff Deal Extends Wind Tax Credits One Year"

Share:

google plus icon

The wind energy industry in the U.S. breathed a sigh of relief as Congress passed a fiscal cliff deal on Tuesday that included an extension of the wind energy tax credits for wind projects that start in 2013. [GigaOm]

A bill to provide tens of billions of dollars in federal aid to states pummeled by Hurricane Sandy was in danger of dying Tuesday night as the House seemed headed for adjournment without taking up the legislation. [New York Times]

This year, summer came on like a grudge, with record-breaking heat, inescapable drought, and the sense that the effects of climate change had arrived – and that life in America’s mythic frontier might never be the same. [Men's Journal]

A new analysis of temperature records indicates that the Western Antarctic Ice Sheet is warming nearly twice as fast as previously thought. [BBC]

Annual gas prices hit a record high in 2012, the AAA motor club said Monday. On average, the national gas price for the year was $3.60 per gallon, eclipsing last year’s record of $3.51 per gallon. AAA attributed the increase to weather events and global turmoil. [The Hill]

A new study published this week in the journal Geophysical Research Letters provides a look at a dynamic that may further accelerate the Arctic ice melt: the rate at which the ocean underneath the ice absorbs sunlight. [New York Times]

Renewable energy has not yet won the battle for market share over fossil fuels but it appears to be doing well when it comes to mind share, according to a survey by Dow Jones’ Factiva service. [Forbes]

« »

4 Responses to January 2 News: Fiscal Cliff Deal Extends Wind Tax Credits One Year

  1. Sasparilla says:

    Unfortunately, a one year extension of Wind Tax Credits isn’t long enough to fund, build and complete a Wind Energy project of any size – this is an example of the GOP appearing as if they compromized on something when they really didn’t – its nothing but a PR show, unfortunately.

    • Calamity Jean says:

      OTOH, under the WTC extension for 3013, wind projects only need to start construction to qualify rather than start producing power, so it will be easier to achieve.

  2. Dr.A.Jagadeesh says:

    Excited to read,” Congress passed a fiscal cliff deal on Tuesday that included an extension of the wind energy tax credits for wind projects that start in 2013.” Already US in second position in the world in Wind. There are ambitious plans in US to harness Offshore Wind Energy. The Fiscal Cliff Deal will pave the way for massive expansion of Wind Energy in US.
    Dr.A.Jagadeesh Nellore(AP),India
    Wind Energy Expert
    E-mail: anumakonda.jagadeesh@gmail.com