18 Jun '11, 5pm

Worldwide Military Spending for Renewable Energy to Multiply 15

Worldwide Military Spending for Renewable Energy to Multiply 15

Worldwide Military Spending for Renewable Energy to Multiply 15 Times by 2030 Published June 18, 2011 By Jeff Cobb Fuel cell vehicles at Marine Corps Base Camp Pendleton, Calif. One of the siren songs for environmentalists is reducing the need for oil so governments don’t feel it necessary to fight wars for it – but ironically, one of the largest drivers in the global push for renewable energy development could well become the military. According to a study this week by Pike Research, the U.S. Department of Defense as well as combined military agencies in all developed and developing countries are projected to increase annual spending of today’s $1.8 billion to $26.8 billion by 2030. U.S. DOD renewable energy spending for land, air, and sea mobility alone is estimated to jump 5.6 times in the next four years from $400 million annually to $2.25 billion in 2015. By 2030, it ...

Full article: http://www.hybridcars.com/news/spending-military-renewabl...

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