Five Energy Stories Worth Reading Today (8/8/12)

Here are five recommended reads for today (8/8/12)

  1. Inside Climate News reports, “Congress will vote to extend a $12 billion federal tax credit for utility-scale wind energy projects that is in danger of expiring at the end of the year, Senate Majority Leader Harry Reid said at a clean energy summit in Las Vegas on Tuesday.”
  2. According to Stephen Lacey of ClimateProgress, “Lawmakers and business leaders need to rekindle a spirit of cooperation if the U.S. wants to lead in clean energy and address climate change, says Former President Bill Clinton.” Clinton was speaking at the National Clean Energy Summit in Las Vegas.
  3. C02 Scorecard argues: “Natural gas cannot be credited with the reductions in the US CO2 emissions observed in the last half-decade. Most reductions, nearly 90%, were caused by the decline in petroleum use, displacement of coal by mostly non-price factors, and its replacement by wind, hydro and other renewables. Where low price of natural gas saved some CO2 by displacing coal, it was quickly offset by its increased use in other sectors—highlighting the pitfall of justifying the current market for natural gas as a “bridge” or an interim phase of transition towards clean energy.”
  4. The Associated Press reports that “when a [Romney] campaign spokesman said last week that Congress should let a tax break for wind energy producers expire at the end of the year, some Republicans were concerned the candidate had gone too far.”
  5. According to Reuters, “China has hiked its 2015 target for solar power capacity by 40 percent to 21 gigawatts (GW), a government agency said on Wednesday, with falling costs and new regulations boosting growth in the sector.“