Chart of the Day: The Collapse of Wind Power

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Stuart Staniford points out today that the pace of new wind power installations has cratered in the United States:

We need much more wind power. When wind power goes wrong, it kills the odd bird or maybe the occasional worker. Some people don’t like the look of the towers. But we need power, and wind power doesn’t destabilize the climate, and it doesn’t irradiate hundreds of square miles of farmland. So this collapse in investment is terrible news.

I understand why the US congress and the Obama administration was not able to pass climate change legislation, but it’s a terrible commentary on their energy/environmental policy that they weren’t even able to maintain the pace of growth in wind installation.

What caused this? Wind projects have big capital requirements and long lead times, of course, so this could just be a delayed reaction from the 2008 financial crisis. If anybody out there can offer up a better explanation, I’m all ears.

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In "It's Not a Crisis. This Is the New Normal," we explain, as matter-of-factly as we can, what exactly our finances look like, how brutal it is to sustain quality journalism right now, what makes Mother Jones different than most of the news out there, and why support from readers is the only thing that keeps us going. Despite the challenges, we're optimistic we can increase the share of online readers who decide to donate—starting with hitting an ambitious $300,000 goal in just three weeks to make sure we can finish our fiscal year break-even in the coming months.

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