FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W36880752> ?p ?o ?g. }

• W36880752 endingPage "349" @default.
• W36880752 startingPage "323" @default.
• W36880752 abstract "In a New York Times article entitled New Era for Windmill Power, journalist Matthew Wald writes, A new generation of windmills that Don Quixote could never tilt at is ready to take its place as an economical and important source of the nation's energy. Because of striking improvements in technology, the commercial use of these windmills, or wind turbines as the builders call them, has shown that in addition to being pollution free, they can now compete with fossil fuels in the cost of producing electricity. (1) Although Wald's article reads like it could be found in this morning's New York Times, it was actually written in 1992--the same year Congress passed and President George Bush Sr. signed into law the Energy Policy Act of 1992, which provided a renewable-energy-production tax credit, which has largely benefited wind companies and is now more commonly known as the wind production tax credit (wind PTC). (2) The wind PTC was set to expire on December 31, 2012, (3) but was extended as part of the negotiations to avoid a combination of tax increases and government spending cuts. (4) The discussion over the wind PTC extension serves as a useful microcosm of the debate over energy subsidies in general. Proponents of the wind PTC and other energy subsidies argue that government support is essential to spur innovation, compensate for decades of conventional-fuel subsidies, compete with other nations, prepare for replacement of fossil fuel resources we are rapidly exhausting, and reduce global warming. (5) Advocates argue that if the subsidy is not extended, the industry will atrophy and jobs would be lost. (6) Opponents respond that extending the wind PTC will not save the planet, replace conventional fuels, or lead America to energy independence. Instead, opponents argue that an extension of the wind PTC will perpetuate subsidization in the American energy sector and encourage technological stagnation by shifting resources away from productive use. (7) This Article argues that Congress and the administration should work to remove all subsidies for all energy sources to transform our energy economy into a competitive, market-oriented system. I. WHAT ARE SUBSIDIES? The general economic rule of thumb is that if you want less of something, tax it, and if you want more of something, subsidize it. Subsidies come in many shapes and sizes and are thus often difficult to define comprehensively. Direct spending, targeted tax credits, loan guarantees, production mandates, and policies that artificially lower the risk of an activity are all part of the energy-subsidy world. However, this is certainly not an all-encompassing list. The definition of a subsidy as a direct transfer of money to a group or industry is underinclusive. While this Article will mostly examine one type of subsidy--the wind PTC--it will use the following broader definition of subsidy: Using the political process to support the production or consumption of one good over another. II. WHY SUBSIDIES ARE BAD ECONOMIC POLICY Subsidies are bad economic policy because they misallocate resources and reward political connectedness as opposed to sound economic ideas. In general, there are two types of companies that receive subsidies. First, there are companies that receive subsidies because their technologies need help from the government and cannot compete economically taxpayer support. Second, there are companies that would, and often do, receive investment from the private sector because their technology is profitable or because investors find their technology promising. In this second case, the subsidy partially offsets private-sector investments that would have been made without the subsidy, and taxpayer dollars pad the company's bottom line. Government support that targets one industry or technology over another encourages technological stagnation. …" @default.
• W36880752 created "2016-06-24" @default.
• W36880752 creator A5054114600 @default.
• W36880752 date "2013-03-22" @default.
• W36880752 modified "2023-09-28" @default.
• W36880752 title "THE WIND PRODUCTION TAX CREDIT AND THE CASE FOR ENDING ALL ENERGY SUBSIDIES" @default.
• W36880752 hasPublicationYear "2013" @default.
• W36880752 type Work @default.
• W36880752 sameAs 36880752 @default.
• W36880752 citedByCount "1" @default.
• W36880752 countsByYear W368807522015 @default.
• W36880752 crossrefType "journal-article" @default.
• W36880752 hasAuthorship W36880752A5054114600 @default.
• W36880752 hasConcept C100001284 @default.
• W36880752 hasConcept C119599485 @default.
• W36880752 hasConcept C127413603 @default.
• W36880752 hasConcept C131046424 @default.
• W36880752 hasConcept C136264566 @default.
• W36880752 hasConcept C138885662 @default.
• W36880752 hasConcept C162077342 @default.
• W36880752 hasConcept C162324750 @default.
• W36880752 hasConcept C175605778 @default.
• W36880752 hasConcept C188573790 @default.
• W36880752 hasConcept C2778137410 @default.
• W36880752 hasConcept C34447519 @default.
• W36880752 hasConcept C41895202 @default.
• W36880752 hasConcept C78600449 @default.
• W36880752 hasConcept C78635371 @default.
• W36880752 hasConcept C84265765 @default.
• W36880752 hasConceptScore W36880752C100001284 @default.
• W36880752 hasConceptScore W36880752C119599485 @default.
• W36880752 hasConceptScore W36880752C127413603 @default.
• W36880752 hasConceptScore W36880752C131046424 @default.
• W36880752 hasConceptScore W36880752C136264566 @default.
• W36880752 hasConceptScore W36880752C138885662 @default.
• W36880752 hasConceptScore W36880752C162077342 @default.
• W36880752 hasConceptScore W36880752C162324750 @default.
• W36880752 hasConceptScore W36880752C175605778 @default.
• W36880752 hasConceptScore W36880752C188573790 @default.
• W36880752 hasConceptScore W36880752C2778137410 @default.
• W36880752 hasConceptScore W36880752C34447519 @default.
• W36880752 hasConceptScore W36880752C41895202 @default.
• W36880752 hasConceptScore W36880752C78600449 @default.
• W36880752 hasConceptScore W36880752C78635371 @default.
• W36880752 hasConceptScore W36880752C84265765 @default.
• W36880752 hasIssue "2" @default.
• W36880752 hasLocation W368807521 @default.
• W36880752 hasOpenAccess W36880752 @default.
• W36880752 hasPrimaryLocation W368807521 @default.
• W36880752 hasRelatedWork W144148238 @default.
• W36880752 hasRelatedWork W1484514384 @default.
• W36880752 hasRelatedWork W1582758003 @default.
• W36880752 hasRelatedWork W2065956700 @default.
• W36880752 hasRelatedWork W2219980347 @default.
• W36880752 hasRelatedWork W2239161448 @default.
• W36880752 hasRelatedWork W2254276202 @default.
• W36880752 hasRelatedWork W2310559299 @default.
• W36880752 hasRelatedWork W2344220890 @default.
• W36880752 hasRelatedWork W2490710700 @default.
• W36880752 hasRelatedWork W30378241 @default.
• W36880752 hasRelatedWork W3154715892 @default.
• W36880752 hasRelatedWork W3193081248 @default.
• W36880752 hasRelatedWork W3193459590 @default.
• W36880752 hasRelatedWork W4731551 @default.
• W36880752 hasRelatedWork W71021144 @default.
• W36880752 hasRelatedWork W73923105 @default.
• W36880752 hasRelatedWork W811662722 @default.
• W36880752 hasRelatedWork W3081535618 @default.
• W36880752 hasRelatedWork W3121448811 @default.
• W36880752 hasVolume "23" @default.
• W36880752 isParatext "false" @default.
• W36880752 isRetracted "false" @default.
• W36880752 magId "36880752" @default.
• W36880752 workType "article" @default.