Saturday, May 17, 2008

U.S. Renewable Energy Leaders: Don't Count on Carbon Price Alone

Good article on the various methods of boosting the renewable energy (RE) market here in the U.S. But whatever the process, policy, or method it is imperative (in my humble opinion) that the United States federal government provide subsidies to individuals and companies. This will allow the RE market to flourish, similar to the burgeoning European RE market. All of those subsidies that European governments provided the RE markets in the last decade created a boon to the European RE companies. Now guess what? Those European RE companies are turning their eye towards the U.S. market (see the work Spain's Abengoa Solar in doing here in the U.S.). Wouldn't it be nice to have American RE companies creating American jobs to build a U.S. RE infrastructure? What ever your reason - carbon reduction, self-reliance, or to make money, it makes sense to provide that necessary boost to the RE market. All we need is a little intelligent leadership and a willingness to make sound investments in our future.

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