Bloomberg View: A Campaign Compromise on Wind Power

Illustration by Bloomberg View

Wind power has emerged as one of the most clear-cut issues of the American political season. President Barack Obama wants to renew the technology’s soon-to-expire federal production tax credit. Mitt Romney, his Republican opponent, wants to let the credit lapse.

The best way to handle this is to find an option other than all or nothing. Yes, clean wind energy should receive continued federal support, as Obama says, especially at a time when the industry’s tens of thousands of jobs are helping the U.S. economy. But wind power should also be expected to make it in the marketplace on its own one day, as Romney would have it.