The reelection of United States President Barack Obama has made headlines around the world. Though beyond the initial excitement and fanfare for the popular politician, the election has implications for renewable energy globally.
A second term for the Obama Administration paves the way for the continued expansion of renewable energy production in the US. Due to the administration’s favourable policies, renewable energy generation from wind, solar and geothermal sources has doubled in four years. Such a large customer for renewable energy technologies is driving cost reductions that will make clean energy cheaper for all of us.
In the following post, friend of Yes 2 Renewables Dan Cass considers the implications of President Obama’s reelection for solar energy, and the technology’s potential to reshape American politics. Consultant Dan writes:
Like most people in the world, I am glad that President Barack Obama won the election. I’ve just watched his victory speech, in which he showed again that he is one of the great orators of our time. Obama can talk about hope and make it sound credible, in a way that most leaders from most countries cannot.
There is so much to say in response to Obama and this election. It is only because of the remarkable ‘audacity of hope’ that a poor black man, married to a working-class woman descended from slaves and slave-owners, is the most powerful man in the world.
But I’m going to stick to one key argument. The success of solar power, over the next four years, can change political power in America. That simple fact could change the world and give us the chance to stop the climate catastrophe.
According to Steven Chu, Obama’s Nobel prize-winning Energy Secretary, solar ‘baseload’ thermal and solar PV will be cheaper than conventional electricity across all the US, by 2020.
If Secretary Chu is right, then during the second term of the Obama administration, solar will be the cheaper choice for tens of millions of households, businesses and farmers.
By the time Barack Obama completes his second term as President, solar will have won the energy argument. Continue reading “Barack Obama and Solar Hope”