What really matters to create a new clean energy economy and stimulate private investment in the near-term are policy regimes that employ direct and targeted public investments to cover the cost gap between higher-cost clean energy and fossil fuels.
Because of higher costs and technical barriers to widespread clean energy adoption, efforts to move the U.S. energy system away from fossil fuels towards clean energy alternatives inevitably comes with a significant price tag.
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Over time I think the transition is going to be more and more clean energy and over time fossil fuels become less prominent in our overall energy mix.
Fundamental shifts in investment are warranted, and investors must begin diverting capital away from fossil fuels and toward clean energy at a much faster clip.
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"Tidal turbine technology is one of the key renewable technologies that will help the UK achieve the carbon dioxide emission reduction targets and is a clean, sustainable replacement for ever more expensive fossil fuels, " she said.
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Along the Pacific coast, leaders of California, Oregon, Washington and British Columbia have been working together since 2008 on the Pacific Coast Collaborative (PCC), promoting cross-border efforts to grow the economy, create jobs, advance clean, renewable energy, and reduce dependence on fossil fuels.
We doubled the production of clean energy, which promises to reduce the utilization of fossil fuels for power generation.
As a result, companies and governments need to find a way to bridge the current fossil fuels era to the next era, where clean energy will become a key energy source.
The key is to understand that this is a key component, a key part of a comprehensive strategy to move us from an economy that just runs on fossil fuels to one that relies on more homegrown fuels and clean energy.
But what I want to emphasize is that this announcement is part of a broader strategy that will move us from an economy that runs on fossil fuels and foreign oil to one that relies more on homegrown fuels and clean energy.
In a world where fossil fuels still dominate and factories still pollute, somebody's got to sell the tools to clean it all up.
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