Energy and the Credit Crisis

Summary

As the nation slides deeper into the economic crisis, availability of private investment for energy projects will dwindle and aggravated by a plummeting electricity demand, the construction of new plants and the new interstate grids will suffer. The article does not mention specifically about the fate of the renewable energy plants, this situation, therefore brings out the issue decidedly in favor of an opportunity with a tilt towards the carbon fee and clean energy projects like the wind, micro-hydro, and above all CSP and PV. This is especially in light of the inevitability that is that the climate change is irreversible whereas the economic crisis is not.

Analysis

Thus the present economic crisis has far reaching implications especially to policy planners and investors as there are opportunities for upgrading the power generation system with more clean and renewable technologies. Investors will see a great opportunity considering the volatility witnessed in fuel prices in the near past, and the need for protecting against climate change Besides, carbon emission limits, public sentiment and climate change itself represent significant financial risk to every company's bottom line.. It has been estimated that PSD for greenhouse gases may result in a complete moratorium on construction in the United States. The risk extends beyond the frontiers of our firma to the whole economy. The world especially European and Asian countries are galloping in embracing the clean technology. Clean tech investment globally reached $148 billion last year and that figure will grow exponentially over the next decade. W ill the US be left behind and pass on to a slumber or seize the opportunity to once again be the leader in technology and business in the world.