I plan to put solar panels on my new home when it gets built, which is bad for my wallet but good for the world. The world benefits because I will be generating about as much electric energy as I use, for once. I lose because if I could wait about three years before installing the system, the cost will probably drop so much that I will have a faster payoff. It’s probably a difference of some tens of thousands of dollars. Unfortunately for me, but good for you, I’m obligated to start right away because solar panels were a condition of approval from the city, and that won’t change. Nor should it. I’m helping to drive down the cost for the next person.
I was reminded of this when I heard about Al Gore’s ambitious recommendation that we should attempt to generate all electricity from green sources in ten years. Many experts believe that timetable is too ambitious.
What do you think?
It is safe to assume the federal government will be more hindrance than help. Any real progress will come from brilliant individuals inventing things, funded by super rich investors. I can’t see them cracking the full nut in ten years, no matter what gets invented.
Meanwhile, 99.99% of the general public is treating this as a spectator sport. It makes you wonder how you can help, since this might be the most important battle our species has known.
I can vote for the candidate who has the best energy policy, but none of them have plans ambitious enough to make a difference. And yes, I recycle. But let’s face it: Recycling is the masturbation of energy policy. It might make you feel better, but it won’t put a dent in global energy needs.
I wish some entrepreneur would create a way for citizens to invest in clean energy sources without having to gamble in abstractions such as the stock market or venture funds. I would love to invest in, for example, a particular windmill, or a piece of a solar farm that is generating a particular amount of energy each day. I would even invest in a few feet of new transmission cables in a specific place. I wouldn’t care that it was a great investment if I knew it was directly helping save the planet.
If I could name my windmill, and see webcam pictures of it on the Internet to see how it is running, along with a widget on my desktop telling me how much power I am generating today, I would invest in it just to help save the planet, even if I knew the financial return was marginal. The same goes for investing in discrete parts of a solar farm, or any other clean energy source.
I realize windmills are expensive. But I’d be happy owning a share of a particular windmill with friends. We could name it together.
My prediction is that the brilliant scientists and the super rich investors working on clean energy can’t meet the ten year goal by themselves. Some entrepreneur is going to have to figure out a way to get the other 99.99% of the country involved. If that happens, the ten year goal seems feasible to me, assuming the government stays out of the way.