drbubb Posted June 22, 2007 Report Share Posted June 22, 2007 Goldman's five renewable energy drivers Investment bank outlines key events necessary for continued growth in the red-hot sector. EXCERPTS... NEW YORK (CNNMoney.com) -- Goldman Sachs, the investment bank heavyweight long known for its enthusiasm for alternative fuel sources, outlined five events Thursday it says are key to the rising sector's growth. 1 - Enacting renewable portfolio standards - These standards, known as RPS, require utilities to buy a certain amount of power from renewable resources - usually between 10 and 25 percent. The idea is to provide a reliable market where producers of renewable electricity can sell their energy. . . . 2 - Boost enforcement of RPS standards - . . . 3 - Enact a carbon cap-and-trade system or a carbon tax - ...with the Democrats now in control of Congress, Kingston expects the prospect of a cap or a tax to be revisited. . . . 4 - A significant increase in fossil fuel prices - Oil prices have skyrocketed in the past few years, more than tripling since 2002. . . . 5 - The 2008 presidential election - ... Most renewable energy investors hope the next administration will be more receptive to these ideas ...more: http://money.cnn.com/2007/06/21/news/econo...oney_topstories Link to comment Share on other sites More sharing options...
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