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Governors' Wind Energy Coalition

November 2, 2015

Bipartisan budget deal seen making little difference on energy bill, wind PTC prospects

By By Esther Whieldon, SNL  •    •  Posted 2015-11-02 04:42:18

Renewables experts continue to foresee a December appropriations deal as the best chance for lawmakers to extend wind production tax credits, considering Congress did just that last winter when it extended those credits through 2014. And it is too soon to tell whether lawmakers will simply extend the PTC through 2015 or give it a two-year bump, according to one source. [ read more … ]

NextEra sees life after tax credits

Saqib Rahim, E&E reporter  •    •  Posted 2015-11-02 04:42:47

“And we continue to expect further advances in the efficiency of wind technology as you get toward the end of the decade,” he said at Platts 17th Annual Financing U.S. Power Conference here. “We’ve been pretty vocal in supporting a phaseout of the production tax credit as you get to the end of decade,” he said. “We think by that time, given what we see in terms of technology advancements, you won’t need it in the better wind resource regimes in the country.” Ketchum said keeping the wind tax credit to 2020 would “bridge the gap” until U.S. EPA’s Clean Power Plan takes effect. [ read more … ]

Legal guru dubs enviro cases ‘dogs of the docket’

Robin Bravender, E&E reporter  •    •  Posted 2015-11-02 04:43:18

Supreme Court justices dread taking on the complex cases that make environmental attorneys swoon, a well-known expert who has argued environmental issues before the high court said. Harvard Law School’s Richard Lazarus told a conference of environmental lawyers, “We share something in common, which the justices don’t share. We like the Clean Air Act; we like the Clean Water Act; we like RCRA; we like CERCLA. It makes our hearts go pitter-patter.” But for the Supreme Court justices, he added, “These are the dogs of the docket.” [ read more … ]

As concerns mount over fossil fuels becoming ‘stranded assets,’ experts warn of looming financial crisis

Benjamin Hulac, E&E reporter  •    •  Posted 2015-11-02 04:43:39

“Smart investors can see that investing in companies that rely solely or heavily on constantly replenishing reserves of fossil fuels is becoming a very risky decision,” Nicholas Stern, the author of the famous Stern Review on “The Economics of Climate Change” and a contributor to Carbon Tracker’s 2013 report, said at the time. “The report raises serious questions as to the ability of the financial system to act on industry-wide long-term risk, since currently the only measure of risk is performance against industry benchmarks.” [ read more … ]

Exit now, pay later: Germany’s rushed farewell to nuclear power

By Christoph Steitz and Caroline Copley, Reuters  •    •  Posted 2015-11-02 04:43:56

The main problem is the lack of planning in how to tackle the up to 80 billion euros ($88 billion) cost of decommissioning Germany’s atomic reactors. “This should have been tackled much earlier,” said Claudia Kemfert at Berlin-based DIW economic institute. “Together with the decision to phase out nuclear power they should have found a way or come up with some legislation to deal with the cost. The cost is not a new thing.” On top of those costs, there is the more than 20 billion euros annually to expand solar and wind power to help fill the energy gap.
[ read more … ]

Note: News clips provided do not necessarily reflect the views of coalition or its member governors.