FutureWire - futurism and emerging technology

Thursday, October 05, 2006

Study Says US Rich in Renewable Energy

Oil prices are coming down for the moment, but that's hardly reducing exploration into wind, solar, geothermal and other renewable energy sources. And the US has great potential to harness such energy, according to a recent report the the Worldwatch Institute.

The American land mass ideal for generating wind power, and solar cell and biodiesel production has increased exponentially since 2000. Currently, the state of California gets over 30% of its energy through renewable sources (though renewable energy in the US overall is only 6% of total consumptions).

Worldwide, investment in renewable energy has reached nearly $180 billion since 1995. In addition to being clean and reducing dependence on fossil fuels, renewable energy also boosts economies. In Germany, which has a campaign to achieve energy independence, renewable energy projects have created 20,000 jobs in the past three years... not to mention lessening the volatility of imported oil dependence.

Source: Worldwatch Institute