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Congress: Extend the Investment Tax Credit for Advanced Energy Technologies

Morry Markowitz's picture

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Joe Schiewe's picture
Joe Schiewe on Sep 9, 2015 8:13 pm GMT

I recommend that we get rid of the ITC, PTC, RPS & all other subsidies while requiring each state to reduce total CO2 emission tonnage at 2.5% per year.  The calculations would include all CO2 & other emissions into the atmosphere including estimates on import goods emissions cost, construction, mining vehicle emissions, household heating & cooking, industrial heat, shipping, power plants, etc. High growth states could purchase percentage reduction credits from low growth states based on availability.  States would receive warnings for non-compliance for three years and then federal funds would start to be denied. This would reduce combined CO2 & other emission tonnage by 59% by 2050, not pick on a particular industry, encourage efficiency within all industries, encourage retention of existing low carbon emitting power producers, reduce state & federal debt, lower bickering and fighting over subsidies, and allow the market to determine the best mix.   

Bob Meinetz's picture
Bob Meinetz on Sep 10, 2015 6:46 am GMT

Morry, many people these days are interested in alternative energy technologies which are clean, safe, and reliable. However, there’s little evidence that hydrogen is any cleaner than natural gas or even gasoline.

Most hydrogen, as you know, is made from fossil fuel – specifically, by steam reforming methane. The energy required to convert it, to pressurize or refrigerate it, then transfer it to the point of use make for a horribly inefficient process. A comparative well-to-wheels analysis using Argonne National Laboratory’s GREET model shows that a liquid hydrogen fuel cell vehicle will generate 20% more greenhouse gases, in grams/mile, than a comparable hybrid electric vehicle, with spark ignition, burning gasoline:

That’s going in the wrong direction.

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