NRDC Studies: U.S. Wind Economy is Rich and Getting Richer
Two new reports published by the environmental advocacy group the National Resources Defense Council (NRDC) show just how vital the wind industry is to America's economy.
This critical industry could be in for a serious recession within a couple of months. The Production Tax Credit (PTC), which has been integral to the wind industry's growth -- helping to create 75,000 jobs; generate new investment, $14 billion in 2011 alone; and increase the manufacturing of wind energy components in the U.S. two-fold since 2005 -- is set to expire at the end of the year.
Renewal of the tax credit will fall on the shoulders of Congress. Republicans currently hold the majority in the House, which is significant considering the diametrically opposing views of the country's two parties regarding energy policy.
More: http://energyboom.com/wind/nrdc-studies-us-wind-economy-rich-and-getting-richer