Tax breaks aren't enough to spur renewables, experts say

11/30/2010 | National Journal

Green groups are calling for Congress to renew $7 billion in tax credits for renewable-energy companies before the breaks expire at year's end, but experts say more will be needed to spur the sector's growth. Major legislation, such as a renewable-energy mandate, is needed to guarantee the industry's future, says New York University law school Dean Richard Revesz. "It may be that extending these credits will be all the support for alternative energy that will come from a federal government heading for gridlock, but we should not fool ourselves into thinking we have done enough," he says.

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