Claim: Renewable energy tax credits just aren’t worth it. Besides, other sources of energy don’t get tax incentives.
Fact: Clean energy tax incentives like the Production Tax Credit (PTC) and the Investment Tax Credit (ITC) have spurred intense job creation and cost reduction in the renewable energy industry, providing benefits that far outweigh the tax revenue lost. Other industries have been claiming -- and continue to claim -- similar tax incentives. Click here to get the facts.
Claim: Renewable energy is just as harmful to the environment as fossil fuels.
Fact: Renewables yield significant environmental benefits when compared to fossil fuels, even when resource acquisition and land use are taken into account. Click here to get the facts.
Claim: The advanced biofuels industry will never significantly contribute to our fuel supply. Plus, advanced biofuels are no better for the environment than gasoline.
Fact: Despite intense policy uncertainty, advanced biofuels reached an inflection point in 2014, spurring sustainable economic growth and reducing our reliance on foreign oil. Click here to get the facts.
Claim: The Department of Defense shouldn’t be investing in renewable energy. It costs taxpayers money and doesn’t improve warfighting ability.
Fact: The Department of Defense has clearly stated that its reliance on fossil fuels is a threat to installations and troop security. DOD knows that renewable energy will save lives and money, and make our military more secure. Click here to get the facts.
Claim: Offshore wind energy has nothing to offer the U.S. It’s too expensive and it doesn’t help the economy. Europe regrets its investments in offshore wind.
Fact: Offshore wind energy in the U.S. has immense potential to spur job growth and power a significant amount of the country with cost-effective electricity. Click here to get the facts.
Claim: Businesses know renewable energy is a bad investment.
Fact: More companies and investors are investing in clean energy than ever before, and significant cost reductions have ensured they’re getting more “bang for their buck.” Click here to get the facts.
Claim: The EPA’s new Clean Power Plan limiting power plant carbon emissions is unnecessary. It will raise electricity rates and hurt our economy.
Fact: The EPA’s Clean Power proposal will create jobs, deliver significant health benefits, and reduce electricity costs. Click here to get the facts.
Claim: Wind power isn’t a significant part of America’s energy portfolio.
Fact: Wind power has proven itself, generating more gigawatts than ever and delivering low-cost energy to consumers across the country every day. Click here to get the facts.
Claim: Distributed generation and net metering policies harm utilities and provide no benefits to ratepayers.
Fact: Distributed generation and net energy metering provide economic, environmental, and technical benefits to both utilities and ratepayers. Click here to get the facts.
Claim: Government support for renewable energy is costly, ineffective, and more significant than support for conventional fossil fuels.
Fact: Fossil fuels have received far greater government support, over a much longer period of time, than renewables have. Click here to get the facts.
Claim: Energy efficiency measures are too costly and won’t make a difference in how much energy we consume.
Fact: Energy efficiency is a low-cost, job-creating method for significantly reducing U.S. energy demand. Click here to get the facts.
Claim: The renewable energy and clean tech industries don’t create jobs.
Fact: Renewable energy and clean tech industries have spurred significant job creation in the United States. Click here to get the facts.
Claim: The Renewable Fuel Standard is a drain on the economy and its goals cannot be met without running into the “blend wall.” The EPA is correct to propose reducing it for 2014.
Fact: The Renewable Fuel Standard creates jobs, lowers gasoline prices, and fights climate change. The EPA’s proposal to lower biofuel volume requirements will harm a thriving American industry. Click here to get the facts.
Claim: 2013 was a tough year for renewable energy.
Fact: Renewable energy is cheaper, more popular and powering more of America than ever before. Here are the top 13 facts of 2013.
Claim: Only liberals support renewable energy.
Fact: Renewable energy enjoys strong bipartisan support from conservatives, liberals, and independents alike. Click here to get the facts.
Claim: The Northeast doesn’t have much renewable energy. It’s too costly to develop and the weather in the region isn’t suitable for wind or solar.
Fact: The Northeast has reaped many benefits from renewable energy sources, and the region is well-positioned to rely on renewables more heavily. Click here to get the facts.
Claim: Electric vehicles are inherently unsafe and prone to battery fires. The three recently-reported Tesla Model S fires are proof of this danger.
Fact: Electric vehicles are just as safe as traditional gas-powered vehicles, if not safer, as many tests show. Click here to get the facts.
Claim: California’s push for renewable energy has failed, leading to some of the highest electricity prices in the country and hurting the economy.
Fact: California is leading the nation in numerous clean energy categories and the costs are negligible. By embracing renewables and energy efficiency, CA built an attractive business environment to draw billions of investment dollars and thousands of new jobs. Get the Facts
Claim: Distributed generation (DG) is a niche market for rich, “off-the-grid” enthusiasts. DG increases costs for all ratepayers while also making the grid unreliable.
Fact: Distributed generation – electricity produced and consumed onsite – is growing quickly. In many places, rooftop solar, geothermal and other technologies are providing power to property owners and lowering costs while increasing the resilience of the electric grid. Click here to get the facts.
Claim: Offshore wind is far too expensive to develop and it would never provide enough power to justify the investment.
Claim: Energy efficiency is unproven and expensive to implement, and forcing companies and individuals to enact energy efficient practices is bad policy.
Claim: Power companies don’t like renewable energy because it’s bad for business. They stick to fossil fuels to provide power to their customers.
Claim: The Renewable Fuel Standard is costly, mandates unrealistic fuels and takes away the incentive for biofuel producers to lower costs and grow the industry.
Claim: Solar is a niche energy market that’s only good for powering off-the-grid homes. It’s too expensive and solar companies are completely bankrupt.
Claim: The only energy innovators that matter are in the fossil fuel sector. Renewables aren’t innovating and that’s why they’re so expensive.
Claim: Wind energy can’t provide enough power to keep the lights on and will always remain a niche industry that the private sector has no interest in.
Claim: Fisker Automotive, Solyndra and other struggling green energy companies backed by Department of Energy loans are evidence that the government wastes money trying to pick “winners.”
Claim: With cheap, abundant natural gas and coal, expensive renewables are unnecessary. Utilities should stick with these fuels instead of having to deploy new, more expensive renewable resources.
Fact: Natural gas costs have a history of high volatility while renewable prices are continuing to decrease, allowing for long-term pricing. The prices of renewable energy resources are already starting to beat coal prices and utilities are trading coal for renewables across the country. Click here to get the facts.
Claim: Renewable energy subsidies prop up an otherwise economically-unviable industry. We should “level the playing field” by removing clean energy handouts and let renewables compete with fossil fuels.
Claim: The environmental benefits of renewable energy are wildly overstated.
Claim: Renewable energy only represents a tiny bit of our power supply and will never be able to meet America’s power needs. Renewables will always be a fringe technology, only powering a handful of cars and off-the-grid homes.
Claim: State Renewable Portfolio Standards are job-killing government mandates that offer no economic benefits and cause skyrocketing electricity rates.
Fact: State RPS policies are currently driving over 1/3rd of new renewable energy development across America in a cost-competitive manner that protects American consumers. Repealing these policies will risk billions in private investment and threatens hundreds of thousands jobs in 29 states plus the District of Columbia. Click here to get the facts.
Claim: Biofuels are too expensive for military use, bad for cars and will never be produced in large enough quantities for consumer use. The Renewable Fuel Standard encourages the use of food for fuel and should be ended.
Claim: Renewable energy is unreliable and must be continually backed up by fossil fuels for times when the wind doesn’t blow and the sun doesn’t shine.
Fact: Renewable energy is more than capable of providing steady, reliable electricity for consumers in a variety of scenarios. As storage technology advances, any remaining challenges with constant output will soon become a thing of the past. Click here to get the facts.
Claim: Investment in renewable energy is in a downward spiral and major banks and institutional investors are cutting back their clean tech portfolios. Private investors do not believe in renewable energy.
Fact: Investment in clean and renewable energy is at record levels across the private sector. Clean technology is the leading venture capital category and many major Wall Street banks have dedicated, multi-billion dollar clean tech portfolios.Click here to get the facts.
Claim: Electric Vehicles (EVs) are unpopular, unaffordable and unsafe.
Fact: EVs are selling fast, saving consumers money, creating jobs and are just as safe as the average gas-fueled vehicle. Click here to get the facts.
Claim: The PTC is a government subsidy that doesn’t really help the wind industry grow and hasn’t resulted in jobs or economic activity since its inception.
Fact: The PTC is a credit used by businesses to expand their renewable electricity generation capability and provide jobs and expand the market for renewable electricity.Click here to get the facts.
Claim: Energy efficiency standards do not result in significant energy savings or lower costs for certified buildings.
Fact: Rigorous, market-based standards such as the LEED program have achieved significant energy, water, and cost savings in buildings. Click here to get the facts.
Claim: America doesn’t need improvements to our electric grid; we have one that works just fine and new transmission drives up electrical bills. We are also “overbuilding” to help renewables that aren’t even in service yet.
Fact: The current grid is outdated and new transmission will increase efficiency, open access to cheaper renewable energy and ultimately save consumers money.Click here to get the facts.
Claim: People near wind turbines suffer from headaches, sleeplessness, and other negative side effects.
Fact: No credible medical source has verified these affects, and sound experts have criticized such claims.Click here to get the facts.
Claim: Renewable energy technologies use just as much water as traditional energy consumption and are unsuitable for drier regions.
Fact: On the whole, renewable energy uses far less water than traditional energy sources, and mainstream wind and solar PV technologies use little to no water. Click here to get the facts.
Claim: Renewable Portfolio Standards will not help our energy needs and puts an undue burden on the taxpayers.
Fact: State RPS policies are widely credited with lowering costs, bring better renewable energy tech to the market and opportunities for local businesses.Click here to get the facts.
Claim: Renewable energy development decimates wildlife and will lead to the extinction of endangered species.
Fact: Renewable energy development is environmentally friendly and less damaging to wildlife than traditional energy.Click here to get the facts.
Claim: Even with massive subsidies, renewable energy technology cannot survive. Renewables have been getting subsidies for years now; they should be able to stand on their own.
Fact: All energy production in the U.S. receives significant federal support, dating back to the first oil subsidies in early 20th century. Click here to get the facts.
Claim: Renewable energy is too expensive and drives up electricity and fuel prices.
Claim: Wind farms are a threat to bird populations – and their harmful effect on bird populations is only getting worse as more wind farms are built.
Claim: Wind energy is too expensive and can’t compete with other sources of electricity.
Claim: The stimulus bill’s support for clean, renewable energy sent jobs overseas.
Claim: The Obama administration is forcing the U.S. Navy to use unproven biofuels.
Claim: Offshore wind energy is too expensive and can’t compete with traditional power sources to help meet our energy needs.
Claim: The Department of Energy’s Loan Guarantee Program is wasting taxpayer money. Abound Solar’s bankruptcy is proof of that.
Claim: Renewable energy doesn’t create jobs and raises electricity costs.
Claim: No one is investing in renewable energy.
Fact: In 2011, more than $48 billion was invested in renewable energy in the United States. Click here to learn more about investment in renewable energy.
The Daily Update
The Hill— March 4th, 2015
For several years now in a row, Congress has wrestled with its support of public policies supportive of the renewable energy industry. What happens to the production tax credit for wind? Should we extend the solar investment tax credit? Does the Renewable Fuel Standard need repeal? Did the Solyndra debacle permanently endanger any bipartisan support for renewables? Should we expand the eligibility of Master Limited Partnerships to renewable energy projects? The debate on these policies is sucking almost all of the oxygen out of the room for those members who are focusing their careers on advancing our country’s ability to produce all types of energy in this country.
Report: Implementation of EPA’s ‘Clean Power Plan’ Won’t Jeopardize Reliability of U.S. Power Systems
Long Island News— March 4th, 2015
The Environmental Protection Agency’s (EPA) Clean Power Plan won’t jeopardize the reliability of the electric grid in New York, according to a new report from the Analysis Group.
Despite some initial concern about system reliability, the report indicates the energy grid is responding well to enormous changes. Analysis Group senior advisor Susan Tierney says grid operators, power companies and regulators are working together to “keep the lights on.”
Fairfax Times— March 4th, 2015
As climate change has intensified, so have conversations about one of the best ways to reduce the carbon pollution driving that change – the Environmental Protection Agency’s (EPA) Clean Power Plan. Under the proposed plan, Virginia would reduce carbon pollution from coal-burning power plants by 38 percent over the next 15 years. The EPA has given Virginia, and all states, flexibility in how they meet their respective goals.
Huffington Post— March 4th, 2015
When the world’s major financial institutions start to do serious, accurate, research science and measure the declining costs of renewable energy verse the rising costs of fossil fuels, it becomes easier to understand the monumental impact that the Green Industrial Revolution is having.
Roll Call— March 4th, 2015
Although it doesn’t feel like it now, spring and summer are fast approaching in Massachusetts. If gasoline prices stay low, millions of Bay Staters will have the ability to inexpensively travel across New England to visit our wonderful beaches, mountains and parks. However, the one downside of cheap fuel at the pump is that it lulls people into forgetting our over-reliance on oil creates a serious national security concern for America and our allies.
Pittsburgh Post-Gazette— March 3rd, 2015
In response to the article “‘Distortions’ in Energy Markets Hurting FirstEnergy’s Nuclear Fleet, Executive Says” (Feb. 18 PowerSource): Wind energy displaces more expensive sources of generation through market-driven forces, which competing energy sources sometimes dislike. This effect is why during the polar vortex last year, wind energy helped keep electricity prices low, saving consumers in Pennsylvania and the surrounding region $1 billion in just two days.
Chicago Tribune— March 3rd, 2015
Energy efficiency programs have surpassed electric competition as the best way for consumers to save money, according to the Citizens Utility Board.
The board, created by the Illinois legislature to represent the interests of residential and small-business customers, said Monday that “even the easiest of efficiency programs” — namely its CUBEnergySaver.com — has a potential to save Illinois consumers a total of $150 million a year.
Barron's— March 3rd, 2015
Roughly 30 countries have reached “solar grid parity,” according to Deutsche Bank in a bullish report issued on February 27.
We all know solar energy is clean but the question on investors’ mind is: Can the solar industry survive on its own without government subsidies?
Portion of jobs added in the U.S. since 2013 by the solar industry.
(Source: The Solar Foundation, http://bit.ly/1C7CTsg)
Renew Energy Latin America & Caribbean Conference and Expo (RELACCx)
November 20-21, 2014 | Fajardo, Puerto Rico
Renewable Energy Latin America & Caribbean Conference & Exhibition (RELACCx), is the premier renewable energy finance and development event for Latin America and the Caribbean. This two-day conference will take an in-depth look at political and financial landscapes, prominent and emerging markets, and existing energy infrastructure to provide the audience with the tools needed to accelerate renewable energy development in these regions.