Secretary Chu: The Government's Role in the Future of Renewables

Secretary Chu: The Government’s Role in the Future of Renewables | American Solar Energy Society

ases.org 16 Jun '12, 4pm

Secretary Chu: The Government's Role in the Future of Renewables

Mr. Seage, the CEO of a $6 billion dollar global solar technology company, drove the point home that it’s time that government and industry realize the free market is unable to solve our energy problems by itself. In addition, he said that the volatility of energy prices is compounding our energy problems and global governments can intervene to create consistency and predictability so RE businesses can thrive. Perhaps the most proactive thing this global businessman said was that energy prices need to reflect the cost of CO2 emissions and other environmental costs. Seage said, “We cannot continue living without a price on something that has a price.” Assessing the true environmental costs and impact of using carbon is critical to the success of the renewables industry.

Full article: http://ases.org/2012/06/secretary-chu-the-governments-rol...

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