06 Apr '11, 9pm

International Energy Agency: We’re in a Heap O’ Trouble Folks: The renewable industry is growing rapidly, said...

Michael Kanellos: Did you develop reading comprehension problems recently? The argument is this: subsidies are bad. Period. But subsidies for PV solar, specifically, are outrageous, per unit of energy generated. It has nothing to do with how big or small the industry is. The fact is, the bigger the subsidies, per unit of energy delivered, the less incentives there are for the industry to lower costs. But fossil-fuel energy is cheap (coal is particularly cheap) and the fossil-fuel subsidies are a fraction of a cent per kWh (and a large chunk of those oil subsidies are concentrated in Iran, it turns out). So subsidies not only hurt the taxpayer and the ratepayer, they also slow down the path to lower costs and grid parity. In short, subsidies (and especially the current subsidies for PV solar) lead to massive misallocation of resources, and everybody loses, except, of course...

Full article: http://www.greentechmedia.com/articles/read/international...

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Investors Lobby Congress in Support of EPA: As the agency's authority to regulate emissions comes under attack,

Investors Lobby Congress in Support of EPA: As ...

greenbiz.com 06 Apr '11, 5pm

Last week, a coalition of 44 investors with $546 billion in assets under management wrote to the leaders of the U.S. Senat...