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United States

Political

All eyes are on the upcoming climate change convention in Kyoto this December which aims to set binding targets for C02 emissions. If this were to happen, wind would benefit. But following the failure of governments to even agree on a concluding statement at last month's Earth Summit, that is a big "if." Europe is setting the agenda with its call for a 7.5% cut in C02 emissions by 2005 on a 1990 baseline, half of its already agreed "negotiating position" of 15% by 2010. It is no coincidence that Europe also houses the strongest wind market. But in the US, a DOE report sees world energy demand rising by 55% between 1995 and 2015, with the proportion met by renewables unchanged.

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