Tuesday, February 26, 2008

Holy Cow!

Cambridge Energy Research Associates (CERA) issued a report (Crossing the Divide: the Future of Clean Energy) that is hugely significant. If you are not familiar with CERA, it was founded by Daniel Yergin, author of The Prize: the Epic Quest for Oil, Money and Power, which is the Pulitzer winning, authoritative history of oil. And as the Wall Street Journal notes, CERA is "as close as it gets to a proxy for conventional wisdom within Big Oil."

So when Dr. Yergin tells us "high energy prices, climate change, and energy security are becoming the new engine driving the development of clean energy,"and when CERA issues a pro-renewables report that says “putting a price on CO2 emissions, setting mandates, and providing subsidies all work to kick-start and sustain many clean energy technologies,” we have entered a new era.
We have crossed a divide.