Both Schmidt and Kannen point to the unnecessary “boom-bust” cycles within the industry created from the lack of leadership in Congress and their inability to forge a long-term renewable energy policy that has dampened full-scale development of clean energy projects. Internationally, the G20’s “all-in” approach to fossil fuel subsidies remain five to six times that of support for renewable energy, making clear the need shift priorities toward sustainable energy development.
In the end, clean energy is the key to long-term economic stability, global security, environmental stewardship, and the alleviation of poverty in the developing world. The exponential growth of renewable energy over the past ten years demonstrates that with a combination of commitment and continued innovation, progress toward a sustainable new energy economy is within reach. But we’ve no time to dally.
Tom Schueneman is a freelance environmental writer and founder of GlobalWarmingisReal.com