Wind and Solar Will Grind to a Halt Without Tax Code Fix

"The current federal investment and production tax credits are set to
expire at the end of 2008. If they are not extended soon, the
development and financing of most solar and wind projects in the U.S.
will grind to a halt about halfway through next year." That warning in a BusinessWeek viewpoint is a wake-up call to Congress to get moving on an important fix, one of many that can start making a difference in solving climate right away.

The piece, called "How to Turn Clean Energy into a Powerhouse," points out that China's renewable energy law, adopted in 2006, is more aggressive than anything on the federal books in the US.

Shameful, ain't it?

 


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