Page added on December 20, 2009
…Teamworks’ analysis suggests that by 2022 the cost of fossil-fuel energy per unit will exceed the cost of large-scale renewable energy for the first time. After that, everyone left with coal, gas and oil will be paying relatively more.
But for renewable costs to decline, its devices and technology need to be used and refined, and used more and refined more, until they are cost-effective and can be deployed at an industrial scale
Fred Gardner’s belief is that private capital is ready to line up behind renewable projects, but “slow money” investors need to believe there will be a market for the energy. People are ready to back renewable-only energy supplies, but they need to believe the lights won’t go out. And politicians are ready to commit (with no oil or coal jobs in North Holland, they have only green jobs to gain), but they’re worried the public won’t buy in, and will resent becoming shareholders without getting a return. In other words, each party is on board if the others are. And those human dynamics
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