Thursday, February 08, 2007

America still has way to go with investment in renewables

A lot of fuss is being made over the fact that Bush is allocating in the U.S. Department of Energy (DOE) Fiscal 2008 budget, approximately $1.2 billion to the Office of Energy Efficiency and Renewable Energy - up $60 million or 5 percent from 2007.

But that's chicken feed to what Germany is spending. Germans invested more than $10 billion in new sources of renewable energy last year, using the country's pioneering electricity feed law.

Given the huge difference in populations between these two countries, Germany spent $122 per head compared to $3.36 - more than 36 times more.

The new Declaration of Energy Independence sponsored by Southern States Energy Board (and the so-called 'American Energy Security Partnership') is full of ironies. That the 'Project for an American Century' should so soon turn into for a project for independence from the world (most American wars have been fought over oil), is wonderful.

But if it means mass exploitation of American oil fields that's not good for the environment - although at least it's American biodiversity that will suffer, not that in victimised countries like Iraq and Nigeria.

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