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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Thank you!

We didn't know what to expect when we told you we needed to raise $400,000 before our fiscal year closed on June 30, and we're thrilled to report that our incredible community of readers contributed some $415,000 to help us keep charging as hard as we can during this crazy year.

You just sent an incredible message: that quality journalism doesn't have to answer to advertisers, billionaires, or hedge funds; that newsrooms can eke out an existence thanks primarily to the generosity of its readers. That's so powerful. Especially during what's been called a "media extinction event" when those looking to make a profit from the news pull back, the Mother Jones community steps in.

The months and years ahead won't be easy. Far from it. But there's no one we'd rather face the big challenges with than you, our committed and passionate readers, and our team of fearless reporters who show up every day.

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