EPA's move to repeal the CPP would avert staggering costs on the economy, on business and industry, and on poor ratepayers. Meanwhile, all century long energy-based emissions have been falling in the U.S. and North Carolina.
Since at least the 1970s, renewable energy advocates have said their industry is just a few short years away from competing with traditional energy sources, so they need government support for only a few short years more. Now a Forbes headline asks, "Renewable Energy Tax Credits — Forever?"
This great news. It also removes any justification to kill off entire industries, throw thousands of people out of work, and hide the enormous costs to people to make a symbolic stand against energy emissions.
Arguing against subsidies for traditional energy sources and for more subsidies for renewable energy sources is just another example of arguing "That cronyism is bad because it can't go to this cronyism." How about no cronyism at all?
If House Bill 589 passes, it would make important reforms to North Carolina's PURPA contract lengths and qualifying facility sizes — but it would not change how avoided-cost rates are set. Montana just showed it can be done.
Version 4 takes a couple of small steps in the right direction in competitive procurement and adds sensible provisions on decommission and reclamation of solar projects and on a moratorium on new wind projects till further study.