Colorado Renewable Energy – The cost to invest
An interesting way to look at the cost of building renewable energy sources, this article from Forbes talks about Robert Kennedy Jr.’s cost comparison of investing money in renewable energy versus investing in bailouts and importing oil. Read a clip of the article below:
Robert Kennedy Jr. lent some star power to Colorado’s efforts to promote renewable energy on Thursday, joining Gov. Bill Ritter and Sen. Gail Schwartz at a new energy expo outside the state Capitol.
Kennedy said Colorado has shown the best leadership on renewable energy in the country, but he mostly spoke about his vision for the whole country becoming more reliant on wind and solar power.
He compared spending money to develop renewable energy to early investments in the Internet and telecommunications grid, which triggered innovation and economic growth.
Kennedy, a strong supporter of environmental causes, said it would cost $700 billion to develop wind and solar energy to power the country, about the same amount that was spent on the Wall Street bailout. He also said it’s about the same amount spent to import oil each year.
"Once we build it, it’s free," Kennedy said of the energy. "We don’t have to go to Saudi Arabia."
What do you think?