I am not much into finances, but I do know that the world is experiencing a recession. It appears people at large are waiting to see what happens to the economy before they make any financial decisions. The economic environment has curtailed corporations from implementing more green business structure. Sure there are tax incentives; but with the world in the middle of a recession and fossil-fuel prices absolutely lower, it is difficult for businesses to concentrate on any new machinery and/or equipment. Yet, politicians and economists say the green movement is still strong, even though it’s on hold for a short bit, because the world at large is aware of the need to focus on reducing carbon emissions and increasing clean energy standards. Particularly here in the United States our new administration pledges to double production of alternative-energy in three years as a means to pull the country out of recession. President Obama wants to see 75% of the federal buildings improved for energy efficiency as well as at least two million American homes. In the long run, taxpayers will save billions on their energy bills. We mustn’t forget that the new alternative-energy plan will create new jobs that offer a wage worth earning. Jobs like building solar panels, wind turbines, fuel efficient cars and buildings. But, we mustn’t forget that companies are struggling, right now, but it won’t last. Climate Ark discussed this topic and used a couple of corporations as examples. Clear Skies Solar, Inc. , an east coast company, was forced to postpone their plans to build a one megawatt solar plant in the Mojave Desert. Clear Skies Solar was not able to get financing for their project although the company had guaranteed buyers for electricity. In the past projects were financed through any of five investment banks. Today, three are gone with two hit by massive losses. The climate is not conducive for anyone to investment in alternative-energy, right now. But, if you look over the U. S. administration plan for alternative-energy, investing in companies like solar energy is a smart move because President Obama is pushing for a clean energy plan. Other countries will follow suit. Climate Ark also mentioned that Canada wants to do business with the U. S. , so has no other choice than to follow along in the clean energy plan. So, even though it appears that going green is not heading anywhere fast, it is short term. The world economy will recover, fossil-fuel prices will absolutely go higher and the demand for clean technology, like solar electricity, will come back even bigger beginning sometime in 2010 and into 2011.
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Sunday, November 15th, 2009 at 03:37
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