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The REAL renaissance – renewable energy

The rebirth of renewable energy, October 27, 2011|By Daniel Yergin, Special to CNN Renewable energy is generating a lot of political heat. The bankruptcy of solar-panel manufacturer Solyndra, after a half billion dollar loan from the Federal government, has set off a hot debate on Capitol Hill. And a group of American-based solar companies are demanding 100% tariffs on imports of Chinese solar panels. They charge that China unfairly competes by subsidizing the Chinese industry, which Beijing resolutely denies.

All this, however, is occurring against a larger backdrop. Around the world renewable energy is going through a rebirth. It is becoming a big business. It is also becoming a more established part of the world’s overall energy supply. Last year, $120 billion was spent to install renewable electricity generation worldwide. Yet it is still a relatively small business compared to the overall energy business, and one that still faces big challenges in getting to scale on a global basis….. http://articles.cnn.com/2011-10-27/opinion/opinion_yergin-renewable-energy-rebirth_1_renewable-energy-renewable-electricity-generation-energy-policy?_s=PM:OPINION

October 31, 2011 - Posted by | renewable, USA

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