California : Endless Summer to Endless Energy
adopted ,” he implores . “ For investors the opportunity is enormous : massive amounts of capital will be needed for this transformation to occur .”
In terms of his second point , some are already taking notice .
More than One Kind of Green Nielsen points to Warren Buffet as a prime example of an investor who knows a good opportunity when he sees one . He ’ s recently committed $ 15 billion to renewable energy investments , and Bloomberg reported that he told his deputy , Greg Abel , “ There ’ s another $ 15 billion ready to go , as far as I ’ m concerned .”
Many feel Buffett is a savvy investor who anticipates trends and doubling down on renewable energy is certainly a sign he believes that it ’ s the inevitable future .
While California has potentially the best shot of meeting its 2050 goal , other countries have made similar initiatives top priorities
While Australia is looking to scale back its renewable energy efforts , the state of New South Wales aims to be the country ’ s “ answer to California .”
“ We are making NSW number one in energy and environmental policy ,”
Environment Minister Rob Stokes said .
“ India also has an initiative similar to California ’ s , also with a target date of 2050 . While the 100 % Renewable Scenario as developed in this study , can at best be seen as a theoretical possibility within the modeling timeframe ,” The Energy Report , India ’ s Director General R . K . Pachauri writes in the report ’ s foreword , “ it helps to visualize the implications of moving towards a high renewable scenario , and makes clear the extent and nature of challenges associated with a move in this direction .”
The reports hopes to provide a framework for policy makers and investors to see the potential in a 100 percent renewable energy future for India , similar to the report issued by Stanford .
More countries and companies are jumping on board , as it seems more likely that this future will be an inevitable one .
“ Renewable energy is going to power California ,” Nielsen bluntly states . “ This is great news for the public . It should be a high priority for elected officials , and it ’ s an enormous opportunity for smart investors looking for returns .”
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