SHOOT: In the same way that some companies are [supposedly] too big to fail, investments in renewable energy are too vital to abandon. The countries who take the lead in diverting money now to Green Deals will reap the long term benefit. South Korea is one such country.
States are trying to lure wind energy companies and the jobs that come with them, especially with new federal requirements that will require more power from alternative sources in coming years.
While jobs in the wind industry jumped by 70 percent to 85,000 last year, the association's chief executive warned that more must be done to prevent the industry from stalling.
Shares in wind, solar and geothermal companies took a pummeling from investors this year. Investments in companies devoted solely to clean energy fell to about $100 million from $2.1 billion, according to New Energy Finance, an industry-research firm.
U.S. wind farms, with a combined capacity of 25,300 megawatts at the end of last year, should be able to generate some 73 billion kilowatt hours of power in 2009, enough to serve nearly 7 million homes, the association said.
|
No comments:
Post a Comment