Friday, December 5, 2008

"Energy Goals a Moving Target for States" link: http://www.nytimes.com/2008/12/05/business/05power.html?src=linkedin

Well, we all knew this was coming. The new administration may vote for new legislation that requires all states to get 10 or 15 percent of its electricity from renewable sources within a certain deadline. I've heard some debate on this topic. I took an energy trading class a few months back and the speaker said that this would be nearly impossible, since (for electricity) the renewable energy sources today are only at 2-3% of the grid.
Those who say that this would be impossible reason that while it may be manageable to produce renewable energy, the biggest problem is getting that energy onto the grid for each respective power market. This camp also says that coal plants and other brown sources are still more efficient than creating new reneable energy sources.

Now those who are pushing for this mandate are saying that this is not only necessary but imminent because we are running out of time in a world where carbon emissions may set off a series of events that will destruct our way of life in the near future. I believe that this nation can do anything, and if the law says that states have to move towards reallocating their energy sources from brown energy to renewable energy, we can and shall do it. Look at other countries - the Danish are a perfect example. If you tax oil or brown energy high enough and offer incentives for renewable energy, that combination alone can change the way the market works. Electricity is too important a need for people in this nation. No business can run without it, and I believe that people would be willing to pay a large percentage of their income to sustain their way of life.

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