Green Energy Trends
May 9, 2009 by Admin
Filed under Energy Trends, General
Trends With Renewable Energy
The renewable market will boom when cost efficiency attains parity with other competing energy sources. The following trends are a few examples by which the renewables market is being helped to attain critical mass so that it becomes competitive enough vs fossil fuels:
Other than market forces, renewable industry often needs government sponsorship to help generate enough momentum in the market. Many countries and states have implemented incentives — like government tax subsidies, partial copayment schemes and various rebates over purchase of renewables - to encourage consumers to shift to renewable energy sources. Government grants fund for research in renewable technology to make the production cheaper and generation more efficient.
Development of loan programs that stimulate renewable favoring market forces with attractive return rates, buffer initial deployment costs and entice consumers to consider and purchase renewable technology. A famous example is the Read more
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