The Rise and Fall of Hope and Change

The Rise and Fall of Hope and Change

Alexis de Toqueville

The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money.
Alexis de Tocqueville

The United States Capitol Building

The United States Capitol Building

The Constitutional Convention

The Constitutional Convention

The Continental Congress

The Continental Congress

George Washington at Valley Forge

George Washington at Valley Forge

Friday, March 2, 2012

The High Cost of Renewable-Electricity Mandates

From The Manhattan Institute:


by Robert Bryce
Manhattan Institute
March 01, 2012
Motivated by a desire to reduce carbon emissions, 29 states have required utility companies to deliver specified minimum amounts of electricity from “renewable” sources. Proponents of the renewable portfolio standards say that the mandated restrictions will reduce harmful emissions and spur job growth, by stimulating investment in green technologies. But this patchwork of state rules—which now affects the electricity bills of about two-thirds of the United States population as well as countless businesses and industrial users—has sprung up in recent years without the benefit of the states fully calculating their costs. There is growing evidence that the costs may be too high—that the price tag for purchasing renewable energy, and for building new transmission lines to deliver it, may not only outweigh any environmental benefits but may also be detrimental to the economy, costing jobs rather than adding them.

No comments:

Post a Comment