Aquasafi Purification Systems Changing The Operating Model That Will Skyrocket By 3% In 5 Years Enlarge this image toggle caption AFP/Getty Images AFP/Getty Images According to a new analysis conducted by researchers at the University of Kansas, about $650 million more will go toward global energy. The plan isn’t without its risks — scientists haven’t found the cash to make it work. In fact, most of the money tends to fund research that finds ways to reroute the supply of carbon dioxide to the atmosphere. But such efforts fall outside any direct business model for oil companies to pursue. In looking at the balance sheets, a trio of key factors are under scrutiny, says Peter Zirkin, “both in terms of the level of investment and the ability to deliver electricity to the market.
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There’s likely much more investment in something that will improve efficiency without the need for an all-seeing contract. But putting additional money toward this is going to be a business model many may not like.” Zirkin says the money comes from just 11 states: Arkansas, Alaska, Arizona, Idaho, Montana, Nebraska, New Mexico and Oregon. In the past, only three other states have invested more in renewables than Wyoming by imposing certain rules on the allocation of rebates. And less than half of the money goes toward the energy sector itself.
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In other words, just 90 percent of renewables cost money to develop and operate. “That’s a very conservative estimate, but it’s not some utopian thing, especially now or in 30 years. Is that really a cost you’d rather not take out of your investments and spend it on trying to predict and make money than thinking about a huge future payoff after everything’s worked out?” says Zirkin. Zirkin even points to last month’s proposal by China — “The Clean Energy Policy Act has provided the key stimulus for that, with state-subsidized renewable energy programs being big and exciting investments for the state of California,” he says — that also resulted in billions in additional dollars to clean-up the air and the waterways. The same energy plan that was used to save the state out of bankruptcy saved about $300 million each on electricity, wastewater and chemical pollution.
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“But we’re talking about $650-$700 billion that we don’t have anymore,” he says. These estimates by Zirkin is one of many new ways California can pursue a renewables policy that’s paying off. Over two months in July, they created an initiative called Solar Times to build energy-first investments in California. The goal: be its first big push to create a green revolution in the state. “This is an effort that will be extremely positive for efficiency,” says John Kelly, the program’s program manager.
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