Innovation in the new energy economy.

The growing demand for energy around the globe is one of the most significant issues affecting our future, and while we still rely primarily on fossil fuels, economic shifts, political upheaval and price shocks are making the development of sustainable energy sources increasingly vital.

We are in a period of transition where the access to abundant oil and natural gas in the US is being shaped by new geopolitical forces around the world. Therefore, it is important to understand both the economic and environmental costs and benefits of this change and how the wave of  innovations in this crucial sector will drive economic growth in the future.

Here are some important considering:

  • Sometime around 2020, China will overtake the United States as the world’s largest oil consumer.
  • The real risks with regard to oil have less to do with the world’s supply and more to do with geopolitics and security.
  • Wind energy has made remarkable advances in recent years and is now firmly established as a major source of power.
  • Breakthroughs and innovations across the energy spectrum will hold the key to our energy future.

What we need today is a national energy and environmental policy that establishes a comprehensive regulatory framework for emissions reporting along with an extension of grants, loans, rebates and other funding opportunities for cleantech solutions to become competitive in the marketplace.

On November 17th, 2011, posted in: Latest News by Vinay Loganadan
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