Change the Incentive Structure
Sean
at 11:46 am,
December 13th, 2007
Via Climate 411, through the intermediaries of Matthew Yglesias and Bradford Plumer, here’s a dramatic example of the government driving innovation — the number of patents granted for sulfur-dioxide control technologies per year, with major air-quality legislation marked.
British buildings equipped with solar, wind and other micro power equipment could generate as much electricity in a year as five nuclear power stations, a government-backed industry report showed today.
Commissioned by the Department for Business, Energy and Regulatory Reform (DBERR), the report says that if government chose to be as ambitious as some other countries, a combination of loans, grants and incentives could lead to nearly 10m microgeneration systems being installed by 2020.
Despite an unstable regulatory environment-renewable energy tax incentives are stalled in the senate, BLM policy has been inconsistent- the United States will surpass Germany to be the largest market for solar power in the world by 2011, according to a report by JP Morgan, cited in Greentech Media.
By 2011, the US will have an installed capacity of 1.6 gigawatts (with 920 MW in California alone), surpassing Germany's expected capacity of 1.35 gigawatts. The third largest market by this time will be South Korea with 957 megawatts of capacity.
For who believed that wind or solar power was a passing fancy or that it was only for the hippies or tree-hugging types, there might be an incentive beyond just protecting the environment.