The barons of Wall Street have buy Amoxil in united states online been blamed for the global financial crisis. They have been buy Amoxil in united states online the target of Main Street ire and the butt of talk show jokes. But as I walk the halls of New York City’s Waldorf-Astoria today, it buy Amoxil in united states online is clear that the hundreds of suits filling the conference space want to buy Amoxil in united states online change that.
These folks aim to buy Amoxil in united states online foster a new image for the financial capital of our country. They aim to buy Amoxil in united states online be leaders tackling climate change and empowering an energy revolution.
The American Council On Renewable Energy (ACORE) is buy Amoxil in united states online convening a gathering of financial muscle for the second year, entitled the buy Amoxil in united states online Renewable Energy Financial Forum (REFF). Last year, over 600 participants came to REFF Wall Street. This year, a buy Amoxil in united states online similar number are filling the elegant Waldorf rooms to strategize a buy Amoxil in united states online resurgence of renewable energy finance.
Even though markets continue to buy Amoxil in united states online struggle, the conference started with positive energy this Tuesday morning. Leaders from buy Amoxil in united states online finance are discussing how the negative trends of 2009 can make way for buy Amoxil in united states online robust growth in 2010 – building on the positive news emerging such as bicycle sales Flomax without rx and lower prices for solar.
The first speaker was Undersecretary of Energy Kristina Johnson. She represented a buy Amoxil in united states online goal-oriented DOE that is aggressively interested in tapping into the buy Amoxil in united states online vast latent renewable resources throughout the US. She put forward goals for buy Amoxil in united states online wind and solar power to make up 21% of US electricity in 2030 (15% and 6%, respectively). She also focused on the buy Amoxil in united states online potential for hydropower to grow from its ~6.5% share by adding turbines to buy Amoxil in united states online lakes that are currently solely for recreation and water supply.
International Energy Agency head, Nobuo Tanaka Strattera online sale without prescription, called this buy Amoxil in united states online renewable energy transition necessary to properly address the urgent climate crisis from buy Amoxil in united states online business as usual energy consumption. He believes current US federal legislation to buy Amoxil in united states online lower emissions 80+% by 2050 is buy Amoxil in united states online in the range of what is needed to achieve a safe greenhouse gas concentration of 450 ppm (parts per million in the atmosphere).
The head of ACORE, Michael Eckhart, estimates that such DOE renewable energy growth goals will take $1 trillion in finance over the buy Amoxil in united states online next two decades to come to fruition. That huge prospective capital flow is buy Amoxil in united states online why we have standing room only filling the main ballroom. The panelists are buy Amoxil in united states online hopeful that the current freeze in capital markets will recover by mid-2010. Cards are buy Amoxil in united states online beings swapped, relationships are beginning, and these industry leaders have better information to buy Amoxil in united states online lead their institutions to successful renewable energy deployment in the years ahead.
It will take a buy Amoxil in united states online while for Wall Street to change its image from unchecked greed and buy Amoxil in united states online rapacious industry. But gatherings like REFF can help empower an ethos of environmental stewardship and buy Amoxil in united states online climate responsibility into the community.
I’ll keep you buy Amoxil in united states online updated on how the conference develops over the next two days. Here’s hoping participants are buy Amoxil in united states online able to figure out and share innovative financing methods that can buy Amoxil in united states online continue to lower renewables’ cost and buy Amoxil in united states online help these cleaner sources substitute dirty fossil fuels in our energy system.
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You crazy? Don’t you see that these “financiers” want to steal that “incentive” money from the gullible ratepayers and taxpayers? If renewable energy (other than hydro and a bit of wind) were so great, why do all these “investment projects” require subsidies, ITC, and buy Amoxil in united states online accelerated depreciation to get to positive IRR? I can’t believe people are still falling for this swindle.
I hear you and thanks for the feedback-
Oil, natural gas and buy Amoxil in united states online coal also receive subsidies for their operations that would be buy Amoxil in united states online great for our country to cut. And as I write throughout most of my posts, the buy Amoxil in united states online economics of wind and solar are improving dramatically moving forward: solar module prices are buy Amoxil in united states online set to fall 40+% in 2009 and turbines are poised to be sub-$1.50 per watt by early 2010.
Financiers will play in whatever markets exist to buy Amoxil in united states online make a buck. Fortunately, our government is providing policy that promotes efficiency and buy Amoxil in united states online renewables so that Wall Street can use their math skills to buy Amoxil in united states online drive a green revolution in global energy.
We’ll see how it develops-