DBL was featured in an article appearing in the Washington Post on June 22.
Charles Lane suggested that the United States should “fold” on incentives for clean, renewable sources of energy such as wind. This would be shortsighted in the extreme.
American wind power built 35 percent of all new U.S. electric-generation capacity in recent years, an amount second only to that from natural gas. Wind’s primary federal incentive, the production tax credit (PTC), is the main driver behind this growth and has helped stimulate as much as $20 billion a year in private investment in the U.S. economy. Economic studies have shown that, when this revenue is taken into account, the PTC results in a net government benefit.