Can Utilities Fill the Green Energy Finance Gap?
Given the limitations of tax equity financing that the financial crisis has exposed, however, Walsh suggested that using tax credits as a primary incentive for renewable energy in the United States "doesn't make sense long term." Instead, he noted, Congress should look at new forms of incentives, such as a national renewable portfolio standard, a carbon tax, a feed-in tariff similar to those in place in Europe, or "some combination of the above." (Don't miss "Europe Show's U.S. Wind Industry How It's Done" and "SolarWorld COO: U.S. Needs to Amp Up Solar Policy")
Eric M. Markell, executive vice president and CFO of utility Puget Sound Energy, agreed that new forms of incentives could better serve American renewable-energy growth.
"We think the production tax credit and investment tax credit have been an OK way to jumpstart the industry, but we're not sure that going forward it's the best way to lay a sustainable business model," he said.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV