Politics

Another Round of Energy Pork

governors politics senate-repeal-obamacare government congress migration visa security progressive squad energyChristmas is upon us, and the elves are busy in the North Pole suburb of Capitol Hill. The House has produced a draft piece of “green energy” legislation that would yield massive costs, massive economic distortions and massive environmental damage.

Rep. Mike Thompson, D-California, justifies his “Growing Renewable Energy and Efficiency Now (GREEN) Act,” as “a comprehensive approach to addressing the threat of climate change through our tax code.”

Put aside the fact that there is no evidence — none — that there is a climate “crisis” to be addressed. Instead, nowhere have the supporters presented an actual estimate of the “climate” effect of this ostensible effort to achieve “net zero” U.S. emissions of greenhouse gases by 2050. Applying the climate model used by the Environmental Protection Agency, under assumptions that exaggerate the effects of reduced emissions: 0.17 degree Celsius by 2100. Under assumptions more consistent with the recent scientific literature: 0.08 degree Celsius.

So much for the “climate” rationale for this bill. Instead, the legislation is a blatant pork-barrel exercise for innumerable interest groups. In its most important provisions, it would:

—Extend the wind production tax credit through 2024.

—Make permanent the solar investment tax credit, at a declining rate.

—Extend the investment tax credit until 2026 to a variety of energy sources that were excluded from the 2015 tax deal.

—Extend the investment tax credit at a declining rate to batteries and various other technologies at least through 2026.

—Renew a number of lapsed incentives for biofuels until 2024.

—Extend and revise the sales limit for the electric vehicle tax credit by raising the current 200,000-vehicle-per-manufacturer sales cap to 600,000, while reducing the credit from $7,500 to $7,000.

—Implement a new credit for purchases of used plug-in EVs through 2024, with buyers able to claim a base credit of $1,250 for qualifying used vehicles. The credit would be limited to the lesser of $2,500 or 30 percent of the sale price.

—Implement a new manufacturer credit through 2024 for the sale of “heavy zero emission vehicles,” defined as those powered “solely by an electric motor which draws electricity from a battery or fuel cell.”

One searches in vain for a cost estimate for all this political largesse. Instead, amusingly, the summary of the bill states that the “Revenue raisers” are “To be provided.” Note that the tax revenues needed to “pay” in the federal budget for all the tax expenditures in the bill are not the correct analytic issue; instead, it is the cost of the bill to the economy that matters, however difficult it is to measure. That true economic cost is at least double the revenues lost as a result of the various tax credits and incentives, because of the economic distortions (“excess burden”) created by them.

Nor have the proponents mentioned the environmental damage from unconventional energy. Because the energy content of wind and sunlight is unconcentrated, land use both massive and unsightly is necessary for a renewables system. The production process for wind turbines, apart from the use of large quantities of steel, concrete and other such straightforward industrial materials, requires also significant amounts of such toxic heavy metals as neodymium and dysprosium for the magnets, for the most part produced in China, where environmental controls are hardly stringent.

The disposal problem for wind turbines’ blades and magnets only now is beginning to be recognized. The noise and light-flicker effects of wind turbines are a serious problem that siting arrangements can solve only partially. There is no easy solution for the disposal of solar panel waste  — as much as 78 million metric tons worldwide by 2050 — because of the lead, cadmium, chromium and other toxic metals that are released if the panels are broken during the disposal process. And there is the large amount of wildlife destruction attendant upon the operation of wind farms and solar fields.

Because of the unreliability of wind and solar power, the conventional backup units must be cycled up and down depending on whether the renewable units are producing power. That cycling reduces the operating efficiency of the backup units, increasing net emissions of conventional pollutants, and increasing greenhouse gas emissions under a broad range of conditions.

This legislation is a classic example of Beltway pork-barrel chicanery, justified on the basis of half-truths and worse, with actual effects diametrically in conflict with those advertised. It is a wealth redistribution special-interest bonanza with the costs inflicted upon the great mass of the unsuspecting citizenry. It should be rejected, loudly.

Reprinted with permission from - Inside Sources - by Benjamin Zycher

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R shoemaker
8 months ago

All of the “green” legislation is primarily a sneaky way for “wealth re-distribution. DIM backers like Tom Stayer made billions in his hedge fund by getting CA to pass green energy subsidies and then investing in those before other investors knew what was going on. This is an elaborate hoax for wealth re-distribution and nothing to do with the climate.

Deb Day
8 months ago

The gang-green won’t be happy until us peasants have been turned into Luddites while they wine and dine on the hill, powered by us riding stationary bikes in our huts.

J. FARLEY
8 months ago

WELL IN THE 70’S IT WAS GLOBAL COOLING THAT WAS GOING TO GET US ALL, THEN IN THE 80’S AND 90’S IT WAS GLOBAL WARMING THAT WAS GOING TO GET US AND AFTER 2000 SINCE GLOBAL WARMING WAS FOUND TO BE A HOAX IT BECAME CLIMATE CHANGE . I CAN SEE THE NEED TO LOOK FOR ALTERNATIVES AND USE ALL FORMS OF ENERGY , WE CANNOT DIVEST OURSELVES FROM FOSSIL FUELS COMPLETELY AND ITS STUPID TO THINK SO, TO MEANY THINKS RUN ON FOSSIL FUELS . HOW MEANY SOLAR PLANES HAVE YOU FLOWN IN, OR WHO CAN AFFORD A SOLAR… Read more »

Robin Boyd
8 months ago

Yes, we need to continue to be more responsible in how we pollute nature. NO! We are not in control of nature and never will be. So claimed environMENTAList organizations are nothing but scams to funnel money to Socialist political agendas. No more scams!

G Schalk
8 months ago

Bottom line: liberals want to use the tax code to prevent man from performing ‘acts-of-God’.

Melody
8 months ago

I certainly hope this doesn’t pass the senate.

Stephen Russell
8 months ago

Yet they do this & Impeachment but wont do USMCA etc?? & nothing about Thorium & Molten Salt reactors for energy 2.

Paul W
8 months ago

It’s all a political power and economic grab scam and those snake oil salesmen know it. The problem is they’re duping gullible adults and scaring children while doing so, Leftist politicians, their accomplices in the pseudoscience community and the MSM are as despicable and loathsome as you can get. There sadly are people buying into this Chicken Little crap.

Patriot Will
8 months ago

The Green Energy Hoax is just another way that the communists and socialists are doing their best to bring down this country. If these miscreants actually wanted to improve our planet, they would start putting more pressure on countries such as China and India. Of course,
this is not happening, because the Lefties actually just want to increase their power and pretend that they care about mother earth.

Cliff
8 months ago

NO SUCH THING AS GLOBAL WHAT EVER NAME THE DEMS/SOCIALIST WANT TO PUT ON IT……..ITS ALL CONTROLLED BY GOD PERIOD ,AND IT WILL BE WHAT EVER GOD SAYS IT WILL BE.THE DEMS/SOCIALIST WILL NEVER COMPREHEND THIS

carol
8 months ago

If these politicians really believe in this hoax called ‘climate change’, then show us by their actions! Are they living as if the world is coming to an end? NO! Are they giving up their cars and plane trips? NO! Are they living like pioneers or cavemen? NO! Obama and his wife just purchased a over million dollar place on Martha’s Vineyard! If ‘climate change’ is going to wipe out the coast, then why aren’t the Obama’s concerned? Cuz all this is hogwash! I say NO to anything government wants to do about the environment, any new fuel sources will… Read more »

Veteran
8 months ago

Time for serious “climate change” in the House! Let’s hope we can accommodate them all next year with return tickets to from whence they came, so they can tend to their kale, and arugula and make sure their lacto-vegan waterdogs don’t produce too many carbon greenhouse emissions of the quality of Eric Swalwell’s very vocal interview interjections of intestinal weakness.

Hdrydr
8 months ago

Leave it to the libtard idiots. Always on the side of ignorance.

WAR
8 months ago

So the Dems want the US CITIZENS to pay for this and yet the they do not address the biggest violators like China and India and Lord know who else. I am all in favor of the Hypocrite Dems sending in their paycheck to support their stupid idea. For me, I do pay taxes and would rather spend my money on my Grandkids, not the Hypocrite Dems salary.

MariaRose
8 months ago

I am all for efficiency in energy use but not at my expense. I found out that solar panels put on a personal home doesn’t supply energy for that house but is used by the energy company to lower their output so you (the homeowner) are not guaranteed an energy supply in case of a blackout. Plus you are merely renting those panels and damaging your roof. As for electric cars, there’s not enough support for places to park and charge as it is assumed that all owners have a private property with a electrical hookup already built in. Too… Read more »

Denise
8 months ago

The Democrats are all crazy! The climate is just fine all their stories are just lies to pad their pockets.

TheOLDWarhorse
8 months ago

Reminder: The earth is roughly 4.5 Billion years old. The climate has been changing for that entire time. Even when there were no SUVs! Our “educators”, in their arrogance, seem to think THEY know what “normal” should be.

Judy
8 months ago

We must all contact our elected officials — representative and both senators. They only listen when we scream. When we scream in large numbers, they pay attention because they’re afraid they won’t get re-elected if they don’t.

Bob
8 months ago

I can’t believe there are that many stoned and stupid people in the USA. If they don’t like it here, they can just leave and go to some communist country where they belong. We need to vote everyone of these idiots out of office now before it’s too late. VOTE TRUMP in 2020 vote to drain the swamp.DO IT!

Concerned
8 months ago

“STOP THE MADNESS!”. Are not we already ahead of the targets set by some climate accord? Are not we doing better than most if not all other countries in this effort. Let’s keep working on this, but without Big Government radical intervention. I say we need to also ratchet down all government subsidies and tax credits over time so as not to disturb current business which have grown dependent on these freebees. If these products are good, they should be able to stand on their own. Our taxes going to support high price vehicles for example, vehicles that only a… Read more »

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