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Monday, May 23, 2005

America & Clean Energy

After inventing the light bulb, Thomas Edison was asked where he drew inspiration from. "I find out what the world needs," Edison replied, "then I proceed to invent." Jeff writes,”Today the United States needs to do the same” - only now our primary objective must be to revolutionize the way we produce and consume energy. Diminishing oil and natural gas reserves, continued reliance on foreign and sometimes unstable energy sources, and global climate concerns demand nothing less. Fundamental change will require three things: the brainpower to develop new technology, a market that makes clean technologies profitable and a strong dose of American will.
First: the intellectual strength. Dramatic innovation in developing the cleanest possible energy technologies are noticed. The Edisons of today, in labs around the world, are generating breakthroughs in energy production technologies. We are developing a mix of improved technologies to meet energy and environmental needs in the future, tapping resources as diverse as wind, solar, nuclear and natural gas. The key is higher efficiency, lower cost and fewer emissions.
The second requirement for change is the market: we have reached the point where solving energy and environmental problems is not only the right thing to do but a profitable one as well. Green technologies are moving into the black, and the returns will improve further as economies of scale emerge.
This changing reality can be seen at major corporations such as Johnson and Johnson, Citigroup and General Electric. GE recently committed to double its annual investment in clean energy technology research and development - to $1.5 billion - and looks to double revenue from energy-efficient products by 2010. Together these three and others have also joined with the World Resources Institute to implement aggressive new plans to cut greenhouse gas emissions
.More of this is required across the board - all over the world.

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Sadagopan's Weblog on Emerging Technologies, Trends,Thoughts, Ideas & Cyberworld
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