Michael Giberson Texas did it again, it achieved it’s target for new renewable power generation capacity years ahead of schedule. And so, of course, as it becomes increasingly obvious that the Texas Renewable Portfolio Standard (RPS) is essentially irrelevant to growth in wind power, the Texas RPS is increasingly held up as a success and model …
Michael Giberson In Grist, Adam Browing asks, “Does the Wall Street Journal employ anyone who understands energy markets?” Browning’s question and his answer seem just a little off, as I’ll discuss below, but first an excerpt from Browning: Actually, I think they do. I think Keith Johnson knows quite a bit about energy markets. Which …
Michael Giberson Feed-in tariffs waste resources and make it harder to meet Europe’s renewable energy goals according to a guest post by Omar Abbosh on the Financial Times Energysource blog, at least in the absence of a single, integrated electric power market in Europe. Abbosh, a managing director at Accenture, notes that generous feed-in tariffs …
Michael Giberson Market-based approaches to regulating emissions are the new conventional wisdom, according to Robert Stavins, and it would be hard to disagree. Among proponents of regulating greenhouse gasses in the United States, the big debate is over which of two market-based approaches to regulating emissions should be pursued: emission tax or cap-and-trade. Is anyone …
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