Of course, CO2 isn’t visible gasoline prices (and voter dissatisfaction) are. By 2005, we were kicking it up two 2 per anum. In 1970, we were increasing that level by less than one part per million per year. Meanwhile, the levels of carbon dioxide ( CO2) in the atmosphere continued to rise, from a pre-industrial revolution level of 280 parts per million to a current level of more than 380 ppm. This effectively dried up venture capital. Then, when oil prices dropped in the 1980s, Vestas – like many other renewable energy startups – went bust because the government let renewable energy tax incentives lapse for lack of interest. in the wake of the OPEC oil crisis/embargo in 1973. A recent Forbes’ article on Vestas Wind’s CEO, Ditlev Engel, and his determination to make wind energy succeed in America, brings to mind the real problem behind renewable energy in the U.S Congress tends to swing whichever way the wind blows (pun intended).
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