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...
drbubb Posted June 22, 2007 Author Report Share Posted June 22, 2007 Business 2.0 talks to a group of energy disruptors about the future of green power. Play video : java script:cnnVideo('play','/video/business/2007/06/14/b2.disruptors.energy.mxf.cnn'); :: http://www.cnn.com/video/player/player.htm...money&wm=11 "when you can get an academy award for a powerpoint presentation, it is apparent that people's attitudes have changed" CONCLUSION: Energy Prices are still too low, to make these technologies fully viable Link to comment Share on other sites More sharing options...
Starcrossed Posted July 29, 2007 Report Share Posted July 29, 2007 If a breakthrough occurs in the production and use of renewable energy as a result of these 'conditions', how likely is it that a virtuous circle of improving infrastrucure and economies of scale will make this shift permanent? I am wondering if this is a 'step-change' issue for society in the same way the railways were or a more fluid and reversible one. This seems to me to be an important question. Link to comment Share on other sites More sharing options...
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