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Google supports more information and action on renewable energy

Google’s Renewable Energy Push – Venture Capital Dispatch – WSJ. By Yuliya Chernova , 1 July 2010, Dan Reicher, director of climate change and energy initiatives at Google Inc., spoke at the Renewable Energy Finance Forum Wall Street on Wednesday in support of a new government agency that would help clean technology companies bridge the “valley of death,” a gap in financing for the first full-scale demonstration….

We’ve made some progress, but not nearly the progress we need. We need to have real changes in policy and finance. We’ve got to be working in an integrated way at the state level, in Washington. There are energy efficiency standards, more transmission development that can be handled at the state level. We think there’s real power in information, getting information to people so that they can make changes. We support the [Electricity Consumers] Right To Know Act [that will help consumers access their electricity use information.] The challenge is to hit all three points–accelerate progress of technology, policy and radically increase the amount of capital necessary. There’s no single answer….
We have a fairly unpredictable and unreliable system of federal incentives for renewable energy that has an impact on investments…….

July 2, 2010 - Posted by | 2 WORLD, renewable | , , , , , ,

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