Wind Power: Not the Utopia We Were Sold On
Wind power has been sold to us as an environmental utopia, with lower costs, but ends up being nothing of the sort in practice.
With the aid of government subsidies, we are putting up electric generating windmills all over the place. Such subsidies include the Production Tax Credit (PTC), which, according to theInstitute for Energy research (IRER), provides a per-kilowatt-hour tax credit for electricity generated by qualified wind projects; and the Investment Tax Credit (ITC), which provides a tax credit based on the investment made in renewable energy projects, including wind. According to IRER, trillions are being invested here. The United States, under the Biden-Harris climate bill, the Inflation Reduction Act, which is in reality the green new deal under another name, is expected to spend $421 billion between 2025 and 2034 in subsidies to support wind and solar energy.
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