Predicting the Impact of Renewable Energy

I couldn’t make this year’s Renewable Energy Finance Forum – Wall Street, though I did peruse the notes that my colleague Tom Konrad of AltEnergyStocks forwarded to me.  Among the many details, I noticed this rather broad statement: “Historically, we have under-predicted.”  He went on to explain: “NREL’s 1998 prediction of the penetration of renewables for 2020 was only 30% of  the 2013 number.”  In other words, we’re headed to beat the expectation for 2020 by an enormous margin.

Obviously, this is good news for the renewable energy industry – and for you and me and all the other people out there with lungs, who are the beneficiaries of all this clean energy.  But it’s also a reminder of how little we know of the future that lies before us.  I’m reminded of the article by author Rebecca Solnit that I cited in my post Hope, Activism and Climate Change, in which I close:

The most striking aspect of Solnit’s work of art here is a kind of intellectual humility that defines good thinking today.  Our position needs to be: we really don’t know how all this is going to turn out.  Optimists think everything will be fine; pessimists don’t see a way out.  Solnit concludes:  “Will we get (there)? I don’t know. Neither do you.”

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Posted in Renewables - Business
2 comments on “Predicting the Impact of Renewable Energy
  1. Tom says:

    That was not my quote, it was one of the presenters’. I agree with it, though.

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