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This analysis explores the potential effects of wind production tax credit expiration and various extension scenarios on future wind deployment with the Regional Energy Deployment System (ReEDS), a model of the U.S. electricity sector. The analysis does not estimate the potential implications on government tax revenue associated with the PTC. Key findings include: Under a scenario in which the PTC is not extended and all other policies remain unchanged, wind capacity additions are expected to be between 3 and 5 GW per year from 2013-2020; PTC extension options that ramp-down from the current level to zero-credit by year-end 2022 appear to be insufficient to support deployment at the recent historical average; Extending the PTC at its historical level may provide the best opportunity to support deployment consistent with recent levels across a range of potential market conditions; it therefore may also provide the best opportunity to sustain wind power installation and manufacturing sector at current levels.
The desirability, viability, and cost effectiveness of policies designed to incentivize growth of the wind energy industry are subject to widespread debate within the U.S. government, wind industry groups, and the general public. Specifically, extension of the wind production tax credit (PTC) is routinely contested whenever a scheduled expiration approaches. While proponents of the policy argue that the policy is necessary for the wind energy industry to continue to expand, opponents contend that the wind energy industry no longer needs the PTC in order to remain viable. This thesis evaluates alternative wind energy incentive policies, the short- and long-term effect of the PTC on wind capacity and generation, and the ten-year projected costs and cost effectiveness associated with three PTC renewal options based on future wind capacity and generation projections. The primary lesson is that unless the wind energy industry grows at an exceptionally rapid pace over the next ten years, PTC renewal involves a tradeoff between total cost and cost effectiveness. If overall wind capacity continues to grow at an even faster pace than over the preceding ten years, allowing the PTC to expire at the end of 2013 is the cheapest and most cost effective option in terms of dollars per gigawatt of wind capacity installed or per kilowatt-hour of power generated from wind energy. If the wind industry performs at or below most current projections, renewing the PTC over the long-term is the most expensive, but most cost effective option. However, a more sustainable option could be achieved if the PTC and its frequent expirations and extensions are replaced with a long-term, predictable, and simple tax policy that is not a recurring source of uncertainty for the entire industry.
This study presents options to speed up the deployment of wind power, both onshore and offshore, until 2050. It builds on IRENA’s global roadmap to scale up renewables and meet climate goals.
This book is written as a practical guide to those interested in the pursuit of energy resilience at a local scale. Energy resilience is defined as the relative ability of an institution to carry out its mission during a shock to the energy system and approach the concept on the level of a single site occupied by a single community or institution. Examples are drawn from four key community types: military bases, healthcare campuses, educational campuses, and municipal governments. The book then describes a framework for developing an energy resilience plan that applies to each. While the focus is clearly on the United States, understanding the energy resilience threat and conducting long-range energy resilience planning will benefit communities all over the globe. Divided into three main parts, Part One describes the specific energy security threats that are facing local institutions and communities and how an energy shock can affect the mission at each of the four community types and the advantages that each will enjoy in their pursuit of energy resilience. Part Two provides concrete guidance for pursuing energy resilience at a particular institution and allows managers to assess where their institution lies on the energy resilience spectrum and plot a course toward where they would like to be. Part Three describes the three main areas of energy resilience performance: energy efficiency, on-site generation, and emergency planning. Case studies are also provided.
This book provides a detailed roadmap of technical, economic, and institutional actions by the wind industry, the wind research community, and others to optimize wind's potential contribution to a cleaner, more reliable, low-carbon, domestic energy generation portfolio, utilizing U.S. manu-facturing and a U.S. workforce. The roadmap is intended to be the beginning of an evolving, collaborative, and necessarily dynamic process. It thus suggests an approach of continual updates at least every two years, informed by its analysis activities. Roadmap actions are identified in nine topical areas, introduced below.
Over the past decade, wind power has become one of the fastest growing electricity generation sources in the United States. Despite this growth, the U.S. wind industry continues to experience year-to-year fluctuations across the manufacturing and supply chain as a result of dynamic market conditions and changing policy landscapes. Moreover, with advancing wind technologies, ever-changing fossil fuel prices, and evolving energy policies, the long-term future for wind power is highly uncertain. In this report, we present multiple outlooks for wind power in the United States, to explore the possibilities of future wind deployment. The future wind power outlooks presented rely on high-resolution wind resource data and advanced electric sector modeling capabilities to evaluate an array of potential scenarios of the U.S. electricity system. Scenario analysis is used to explore drivers, trends, and implications for wind power deployment over multiple periods through 2050. Specifically, we model 16 scenarios of wind deployment in the contiguous United States. These scenarios span a wide range of wind technology costs, natural gas prices, and future transmission expansion. We identify conditions with more consistent wind deployment after the production tax credit expires as well as drivers for more robust wind growth in the long run. Conversely, we highlight challenges to future wind deployment. We find that the degree to which wind technology costs natural gas prices, and future transmission expansion. We identify conditions with more consistent wind deployment after the production tax credit expires as well as drivers for more robust wind growth in the long run. Conversely, we highlight challenges to future wind deployment. We find that the degree to which wind technology costs decline can play an important role in future wind deployment, electric sector CO2 emissions, and lowering allowance prices for the Clean Power Plan.
The United States and China are the world's top two energy consumers and, as of 2010, the two largest economies. Consequently, they have a decisive role to play in the world's clean energy future. Both countries are also motivated by related goals, namely diversified energy portfolios, job creation, energy security, and pollution reduction, making renewable energy development an important strategy with wide-ranging implications. Given the size of their energy markets, any substantial progress the two countries make in advancing use of renewable energy will provide global benefits, in terms of enhanced technological understanding, reduced costs through expanded deployment, and reduced greenhouse gas (GHG) emissions relative to conventional generation from fossil fuels. Within this context, the U.S. National Academies, in collaboration with the Chinese Academy of Sciences (CAS) and Chinese Academy of Engineering (CAE), reviewed renewable energy development and deployment in the two countries, to highlight prospects for collaboration across the research to deployment chain and to suggest strategies which would promote more rapid and economical attainment of renewable energy goals. Main findings and concerning renewable resource assessments, technology development, environmental impacts, market infrastructure, among others, are presented. Specific recommendations have been limited to those judged to be most likely to accelerate the pace of deployment, increase cost-competitiveness, or shape the future market for renewable energy. The recommendations presented here are also pragmatic and achievable.
For multi-user PDF licensing, please contact customer service. Energy touches our lives in countless ways and its costs are felt when we fill up at the gas pump, pay our home heating bills, and keep businesses both large and small running. There are long-term costs as well: to the environment, as natural resources are depleted and pollution contributes to global climate change, and to national security and independence, as many of the world's current energy sources are increasingly concentrated in geopolitically unstable regions. The country's challenge is to develop an energy portfolio that addresses these concerns while still providing sufficient, affordable energy reserves for the nation. The United States has enormous resources to put behind solutions to this energy challenge; the dilemma is to identify which solutions are the right ones. Before deciding which energy technologies to develop, and on what timeline, we need to understand them better. America's Energy Future analyzes the potential of a wide range of technologies for generation, distribution, and conservation of energy. This book considers technologies to increase energy efficiency, coal-fired power generation, nuclear power, renewable energy, oil and natural gas, and alternative transportation fuels. It offers a detailed assessment of the associated impacts and projected costs of implementing each technology and categorizes them into three time frames for implementation.