Investor: Colorado can lead in renewable energy
By Julie Gorte Denverpost
In 2004, Colorado became the first state in the nation to create a Renewable Energy Standard at the ballot box. That year, citizens called for the state to get 10 percent of its energy from renewable sources.
Lawmakers took this mandate and raised the bar further, first to 20 percent — then again to 30 percent. Investors and companies have rewarded the state for its efforts. Today, nearly 20,000 Coloradans work in the clean energy sector and the equivalent of more than two large nuclear reactors' worth of renewable energy capacity is either online or in the queue.
In spite of these gains, a handful of private interest groups are trying to roll back progress on renewable energy in states like Colorado with faulty reasoning. At the same time, Colorado is becoming a victim of its own success, nearing a renewable energy plateau that will require an even stronger commitment to build on the investments that have already been made.
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ReplyDeleteDespite this growing demand and support for renewable energy, a fragile economy, volatile commodity pricing, and the lack of national energy policy have combined to pave a challenging road for renewable energy advocates and stakeholders. Economies of scale and new manufacturing processes are making alternative energy production more competitive, but until it achieves parity through innovation or regulatory policy, the success of green energy companies may largely depend on their ability to optimize Green Energy and Cleantech tax incentives to attract investors and maintain sustainable balance sheets.
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