NewEnergyNews More: INCENTIVE-FREE WIND TO BEST MRKT BY 2030

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  • Wednesday, March 18, 2015

    INCENTIVE-FREE WIND TO BEST MRKT BY 2030

    Keep Your Subsidies: Wind Energy Will Still Be Cheapest

    Kevin Mathews, March 16, 2015 (Care2)

    “One of the main arguments against expanding wind energy in the United States is that it will cost too much. As an emerging industry with new technology, wind energy has relied on government tax subsidies to get off the ground. Take away those incentives, shout opponents, and the wind industry is too expensive compared to gas power…[But within] ten years, [unsubsidized] wind energy is going to be cheaper than energy created from natural gas…[and, with] technological advancements in the field, wind energy will only continue to get cheaper over time [according to the just-released DOE Wind Vision]…[W]hen we factor in all of the hidden costs, such as carbon emissions for various energy sources, wind energy easily has the cheapest real price tag….[but energy corporations now] lobbying to keep gas drilling popular since they stand to profit from this activity…[will be] more likely to change ships once it’s clear what kind of money can be made with renewable energy like wind…[Wind presently accounts for just under five percent of the United States’s power…[but is expected to supply35 percent of our country’s energy needs by 2050…” click here for more

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