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Policies from the Windicator
1 April 2009
For the first time, Europe, Asia, and North America are united in stating that investment in renewables is essential to world well being. Europe is committed to getting 20% of its energy from renewables by 2020 and America may set its own goal, for the first time -- the US wind industry is arguing its case from a 20% by 2030 platform. Carbon penalties are also becoming a market instrument of choice. With the writing on the wall, utilities, strong players flush with cash, are stepping up to the mark, not only investing in wind plant but also in research and development. Their entry into the sector at an increasingly serious level will contribute to action on the single biggest barrier remaining -- inadequate transmission capacity for getting wind generation to centres of population. Solutions to that problem will also speed up offshore development, which though it has slowed has far from stalled.
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