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Green industries eye "fiscal cliff" boost

Business Green -- Avoiding the so-called "fiscal cliff" could provide a major boost to the US biofuels, energy efficiency, and electric car sectors, as well as the fast-expanding wind energy industry.

While the decision to extend the crucial Production Tax Credit (PTC) for wind farm developers was widely praised by renewable energy and environmental groups, the bill that averted potentially crippling tax hikes and spending cuts also extended incentives and subsidy schemes for a wide range of clean technologies.
Under the new deal, tax credits for energy efficient homes and appliances will continue until the end of 2013, while a subsidy knocking 10 per cent off the cost of electric scooters and three wheelers, up to a saving of $2,500, was approved for another year.
Meanwhile, incentives for renewable diese


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Submitted Jan 06, 2013 By: bar1035
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REPLIES (newest first) Post a Reply
drpepperTX
Champion Author Texas

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Message Posted: Jan 9, 2013 8:53:44 AM

honda0105, "meanwhile, Pig Oil still collects about $6 billion in subsidies."
===================================================
Really, can you specify please? And please remember the definition of subsidy, which is defined as: A sum of money granted by the government or a public body to assist an industry or business so that the price of a commodity or service.
honda0105
Champion Author Tallahassee

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Message Posted: Jan 9, 2013 3:57:36 AM

meanwhile, Pig Oil still collects about $6 billion in subsidies. Considering how well Pig Oil does, why do we need to provide those subsidies?
drpepperTX
Champion Author Texas

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Message Posted: Jan 7, 2013 7:18:03 AM

Just more suckling at the government teat. Draining the tax dollars out of the people.
leeac
Champion Author Ohio

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Message Posted: Jan 6, 2013 11:50:23 PM

The "Green Industry" is a good investment for tax payers and the government.
vulcan96
Champion Author Ohio

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Message Posted: Jan 6, 2013 11:39:14 PM

good idea, bad idea --- only time will tell.
kgbellman
Champion Author Ann Arbor

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Message Posted: Jan 6, 2013 11:33:50 PM

I also agree with gaspumpin
PetroScopper
Champion Author Houston

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Message Posted: Jan 6, 2013 11:28:55 PM

I don't know if it will solve the problems of the day, but it will set the stage for some positive things in the future. Shouldn't we all be concerned about our grandchildren and great grandchildren's future? That should be what it is really all about, not us!
VikingWoman
Champion Author Washington

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Message Posted: Jan 6, 2013 11:28:02 PM

Will this help fund Washington State I-937 that voters passed in 2006 and seem to be unhappy about paying for now?

from Wikipedia:
The initiative requires large utilities to obtain 15% of their electricity from new renewable resources such as solar and wind (but excluding hydro) by 2020 with incremental steps of 3% by 2012 and 9% by 2016. It also requires that utilities undertake all cost-effective energy conservation.[1]

GasHunter0007
Veteran Author California

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Message Posted: Jan 6, 2013 11:24:41 PM

It's nice to have rebates but in the long run this all adds up to government spending and we all wonder where spending is coming from...it's everywhere especially corporate tax exemptions here and there and everywhere like giving tax credits for taking jobs outside of this country. What's wrong with this picture?
Bruno44
Champion Author Texas

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Message Posted: Jan 6, 2013 11:23:02 PM

Agree with gaspumpin !
gaspumpin
Champion Author Indiana

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Message Posted: Jan 6, 2013 11:17:46 PM

Let privite enterprise handle wind and solar power. If it's feasible, they
will do it. Keep the government out of it.
furiousfowl
Champion Author Riverside

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Message Posted: Jan 6, 2013 11:17:04 PM

Must tax payers fund everything?
ClassicWheeler
Champion Author Montgomery

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Message Posted: Jan 6, 2013 11:15:39 PM

waste of time and money. Need a strong fuel to boost our power, and wind and solar will not cut it now. Maybe later but from what I read, they are at least 40 years from development at this rate to compete in out use of energy today.
gman617
Champion Author Illinois

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Message Posted: Jan 6, 2013 11:13:42 PM

Yawn...
roadrunnerMO
Champion Author Kansas

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Message Posted: Jan 6, 2013 11:13:06 PM

More taxpayer dollars are going to be wasted. Thank you those voters who put obummer back in office for four more years. It will cost the taxpayers plenty.
UBDave
Champion Author British Columbia

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Message Posted: Jan 6, 2013 11:12:16 PM

Just another way to blow more taxpayers hard earned money...
wally52
Champion Author Little Rock

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Message Posted: Jan 6, 2013 11:12:10 PM

How about some new news.
TurkishMan
All-Star Author Dallas

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Message Posted: Jan 6, 2013 11:10:19 PM

go green
arinkrat17
Champion Author Twin Cities

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Message Posted: Jan 6, 2013 11:09:33 PM

Ok
DirtDauber
Champion Author San Antonio

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Message Posted: Jan 6, 2013 11:09:30 PM

More of the taxpayers dollars to give away.
cifuentesab
Champion Author Sacramento

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Message Posted: Jan 6, 2013 11:08:33 PM

go green
crreed1
Champion Author West Virginia

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Message Posted: Jan 6, 2013 11:08:03 PM

old news
Thomtec
Champion Author Nashville

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Message Posted: Jan 6, 2013 11:07:29 PM

Lawyers and politicians
PrinceLH
Champion Author Ontario

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Message Posted: Jan 6, 2013 11:06:23 PM

Wasted cash!
Oldzin
Champion Author Orange County

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Message Posted: Jan 6, 2013 11:05:53 PM

Sounds like more pork for Solyndra-like Obama-ites.
Too bad they just can't let the free market system do its job and let it determine the most cost-effective way to go. Of course, that's blasphemy to a socialist.
Bigwaynef
Champion Author South Carolina

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Message Posted: Jan 6, 2013 11:05:44 PM

If it's green, trash it...
mia3bxs
All-Star Author Miami

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Message Posted: Jan 6, 2013 11:05:38 PM

It's all made-up!
wshokie12
Champion Author Winston-Salem

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Message Posted: Jan 6, 2013 11:04:53 PM

Old.
obimerrill
Champion Author Cincinnati

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Message Posted: Jan 6, 2013 11:03:21 PM

Obama money for his cronies
Tiernan
Champion Author Chicago

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Message Posted: Jan 6, 2013 11:02:48 PM

And, why would we want to do that?
bobdec
Champion Author Miami

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Message Posted: Jan 6, 2013 11:02:08 PM

The green industry is a face
pa79th
Champion Author Pennsylvania

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Message Posted: Jan 6, 2013 11:02:00 PM

What does this have to do with the price of gasoline?
ican2step
Champion Author Pittsburgh

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Message Posted: Jan 6, 2013 11:01:50 PM

Give me a break
TBONE3
Champion Author Pennsylvania

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Message Posted: Jan 6, 2013 11:01:44 PM

We didn't fall off so I guess the Feds are happy now.
Prodaddy
Champion Author Houston

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Message Posted: Jan 6, 2013 11:01:12 PM

I think we still have many problems ahead
Matt G
Champion Author Boston

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Message Posted: Jan 6, 2013 11:01:02 PM

I wouldn't trust the green industry
wang91554
Champion Author San Jose

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Message Posted: Jan 6, 2013 11:00:42 PM

well, any step away from a cliff should be a boost all around.
SteelPenny
Champion Author Dallas

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Message Posted: Jan 6, 2013 10:59:22 PM

More of our tax dollars down the crapper.
jdevlin
All-Star Author Ontario

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Message Posted: Jan 6, 2013 10:57:38 PM

They not get subsidies. If they can't make it on their own they should be allowed to die.
Focus2
Champion Author Illinois

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Message Posted: Jan 6, 2013 10:55:27 PM

We always do the wrong thing first putting off the right things.
naspa
Champion Author Cleveland

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Message Posted: Jan 6, 2013 10:51:35 PM

Good. Go alternative energy!
regout
Champion Author Quebec

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Message Posted: Jan 6, 2013 10:51:03 PM

All we heard now is green green green, nothing else.
Delight777
Sophomore Author Cleveland

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Message Posted: Jan 6, 2013 10:49:03 PM

Cool!
probedude2
Champion Author Akron

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Message Posted: Jan 6, 2013 10:45:36 PM

They should've let the automatic tax increases and cuts happen
KrsnaDragon
Champion Author Montreal

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Message Posted: Jan 6, 2013 10:36:38 PM

Interesting.
Zonk
Champion Author Michigan

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Message Posted: Jan 6, 2013 10:36:36 PM

Avoiding the so-called "fiscal cliff". What a farce! Led by a stockpile of political assholes.
novarce
Veteran Author Orlando

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Message Posted: Jan 6, 2013 10:23:23 PM

and that such of those who may not have a hybrid and gasoline continues to rise?
stratlinetime
Champion Author Kalamazoo

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Message Posted: Jan 6, 2013 10:17:45 PM

Funded by taxpayers
76chevy
Champion Author Toledo

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Message Posted: Jan 6, 2013 10:17:12 PM

I don't buy the obama spending your way out of debt scheme.
jrschl
Champion Author Louisville

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Message Posted: Jan 6, 2013 10:16:36 PM

I do not see how DCs inept work-ethic, blasse attitude towards, lack of care for, & holding hostage this country, its people and the world (in general) gives anyone a positive outlook about anything. Their "job" is just pathetic, and there is no excuse for them. Lastly, there is no reason to re-elect any of them.
TheeRedRam
Champion Author Hartford

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Message Posted: Jan 6, 2013 10:13:30 PM

Keep an eye on this one
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