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Business, Financials
August 30, 2011

Biden wants new clean energy policy for US

LAS VEGAS, USA — The United States can’t lead the world in the 21st century with its current energy policy, Vice President Joe Biden told alternative technology supporters yesterday at a clean energy summit in Las Vegas.

Biden said the nation is already trailing China and Germany in green technology. It will trade its dependence on foreign oil for a dependence on foreign clean energy technology if its leaders don’t act to help fledging green researchers and businesses, he said.

“Can anyone imagine us leading the world in the 21st century with the same energy policy we have today?” Biden said during his keynote speech at the fourth-annual National Clean Energy Summit. “Is it even within the realm of possibility?”

Biden said the future will demand cities that produce all the energy they consume; battery-powered cars able to travel great distances; and bacteria that convert sunlight directly into fuel, among other innovations.

“If we shrink from deciding whether we are going to lead in the area of alternative energy, renewable energy, then we will be making the biggest mistake that this nation has made in its history,” he said.

Biden announced during his speech that five technology companies receiving up to US$6 million each from the Department of Energy have since attracted more than US$100 million in private investments. The firms in North Carolina, California and Colorado are developing advanced grid scale batteries or new approaches to biofuels or waste heat recovery. Biden said the private investments demonstrate that the green industry needs both public and private contributions to succeed.

“No previous generation has had that debate about whether or not we are going to lead the world because in the past it simply hasn’t been a question,” he said. “This isn’t science fiction. This is within our grasp.”

National politicians and green technology leaders are attending the Las Vegas energy conference to discuss energy security and independence. US Secretary of Energy Steven Chu, Nevada Governor Brian Sandoval and California Governor Jerry Brown are among the notable speakers.

Senate Majority Leader Harry Reid has hosted the conference since 2008. He announced yesterday that construction on the world’s first hybrid geothermal and solar power plant is starting in northern Nevada. Enel Green Power North America’s geothermal plant in Churchill County is adding a solar project.

Chu said in his opening remarks that oil prices will increase while green energy will become cheaper in the future. He also said science education is a top priority.

“It’s part of American heritage to make national investments during time of distress,” he said.

AP

LAS VEGAS, Nevada — US Vice President Joe Biden speaks during the National Clean Energy Summitat the Aria Resort & Casino at City Centre in Las Vegas yesterday. Political and economic leaders are attending the summit to discuss a domestic policy agenda to advance alternative energy for the country’s future. (Photo: AFP)

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