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Saturday, February 22, 2014 11:27:03 AM
February 21, 2014 2:51 PM
Renewables Make Very Good Sense
In the U.S., renewable-energy equities just wrapped up their best year since 2007.
Robert Bryce's pro-fossil fuel agenda is well known, but his latest piece against renewable energy ("The Real Climate 'Deniers' Are the Greens," op-ed, Feb. 3) is about 20 years behind the times.
It is silly to extrapolate fictional outcomes from Europe without examining the facts in an entirely different American market. In the U.S., renewable-energy equities just wrapped up their best year since 2007. This coincides with 309% growth in wind-power generation and a stunning 607% rise in solar-electricity generation, also since 2007—all without any associated rate spikes.
Stuart Bernstein, global head of the Clean Technology and Renewables Group at Goldman Sachs, recently called the renewables market "incredibly compelling" and a "transformational moment in time." Given Goldman's plan to invest $40 billion in renewables between now and 2021, I will leave it to the reader to weigh Mr. Bryce's opinions against Mr. Bernstein's expertise.
Michael Brower
President and CEO
American Council On Renewable Energy
Washington
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