Big Ideas at the Renewable Energy Finance Forum
It’s always interesting to get out and interact with different groups who have specific perspectives on the energy industry. And, to that end, I’ve commited to a certain travel schedule that will take me — either as a speaker or as a participant — to a decent number of conferences over the next 12 months.
I enjoyed my trip to Boston earlier in the week, in which I listened to talks and spoke with the engineers at the IEEE Energy Innovation show (though they use the word “innovation” in a far different way than you or I; many of the presentations were so dry that some of their own people visibly had trouble staying awake).
But, even though I like working through the technology of renewables, I find the business practicalities far more interesting. At the end of the day, the precise photovoltaic wave form produced by a breakthrough voltage regulator doesn’t matter if large PV projects can’t get financed and remain dormant at the proposal stage.
By contrast, the Renewable Energy Finance Forum is a conference with dozens of different big ideas on which I’d like to present in a short series of posts.
The first such “big idea” is that we talked extensively about subsidies for renewables: the future of the Section 1603 cash grant, fixing the broken program of loan guarantees, and especially, carbon legislation. For instance, many of the presentations included (parenthetically) the idea that we need a pollution tax. The concept was an unaccented, glossed-over bullet on many of today’s presentations. (more…)