A Carbon Tax Would Get Us a Lot Closer to Where We Need to Be
by RP Siegel
We have seen impressive growth in renewables over the past several years, but much of that growth is based on the somewhat shaky foundation of continuing subsidies. So argues Eduardo Porter in the New York Times. Porter points out that while wind power added 13 GW of new capacity in 2012, only one additional GW was added in 2013. The reason why: expiration of the Production Tax Credit (PTC).
Referring to the rapid expansion in the market, Letha Tawney of World Resources Institute says, “any time there is uncertainty about the production tax credit, it all stops.”
According to the IEA’s Energy Technology Perspectives report, their “annual progress report on global efforts to engineer a clean-energy transformation,” says that despite best efforts in many areas, “the carbon intensity of our energy supply is stuck.” Gains in renewables are being offset by added fossil fuel capacity. Furthermore, even where wind and solar PV are thriving, some of the other technologies, like offshore wind, geothermal, and biofuels have been lagging.
RP Siegel, author and inventor, shines a powerful light on numerous environmental and technological topics. He has been published in business and technical journals and has written three books. His third, co-authored with Roger Saillant, is Vapor Trails, an eco-thriller that is being adapted for the big screen. RP is a professional engineer – and a prolific inventor, with 50 patents, numerous awards, and several commercial products. He is president of Rain Mountain LLC and is an active environmental advocate in his hometown of Rochester, N.Y. In addition to Justmeans, he writes for Triple Pundit, ThomasNet News, and Energy Viewpoints, occasionally contributing to Mechanical Engineering, Strategy + Business, and Huffington Post. You can follow RP on Twitter, @RPSiegel.