Green energy firms face cloudy future
Green energy leaders say threat of federal budget cuts creates uncertain future for green energy in the US.
RENO, Nev. — Leaders in the green energy sector say the lack of a firm national policy on renewableenergy and the politically charged budget debate in Washington, D.C., has many firms uncertain about their future.
The Reno Gazette-Journal (http://bit.ly/quI005 ) reports Thursday that industry leaders attending the National Geothermal Summit in Reno are expressing concerns that the debt debate to cut $1.2 trillion from the federal budget could affect federal tax credits and incentives for renewable projects.
These include temporary tax credits and loan guarantees that developers consider essential in kick-starting expensive and oftentimes high-risk projects.
They say the mood is an abrupt change from a year ago, when the country seemed eager to embracegreen energy alternatives. Now, they say those in the field are hoping to weather the budget fights.