Snuffing Out a New Industry

Rauber, Paul
November 2012
Sierra;Nov/Dec2012, Vol. 97 Issue 6, p16
The article discusses issues related to the wind industry of the U.S. It is informed that tax credit on the renewable-energy production, which became law in 1992 by former U.S. president George H.W. Bush, helped the U.S. wind industry to become the world's second largest after China. It is informed that installed capacity of U.S. wind turbines hit 50 gigawatts in 2012 and it would have been more if tax credit had not been allowed to lapse three times in the past two decades. It is also informed that the American Wind Energy Association fear that lapse of renewal to tax credit by the end of 2012 could result in the loss of 37,000 American jobs.


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