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Growth: what will drive the Renewables Business


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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.

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2 - Boost enforcement of RPS standards -

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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.

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4 - A significant increase in fossil fuel prices - Oil prices have skyrocketed in the past few years, more than tripling since 2002.

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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

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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

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  • 1 month later...

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.

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