As many oil companies now seek to follow suit, Ørsted is a case study on how hard the shift is. It took government intervention, years of subsidies and a wide-open competitive landscape for Ørsted to succeed. Shareholders and board members repeatedly questioned the strategy shift, and the costs ballooned the company’s debt, nearly derailing it.
Today, subsidies are falling, if they exist at all. Competition for new wind and solar projects is fierce. And returns are lower than most big oil developments.
Source: News Formal (newsformal.com)
1. A central federal planning committee must be established in DC to organize, and accelerate renewable energy. 2. The time for the establishment of renewable energy projects(average 10 years) must be reduced.
Question: how does renewable energy address the 'Exponential Function'? 'The greatest shortcoming of the human race is our inability to understand the exponential function' Emeritus Professor Of Physics -Albert Bartlett?
Looks safe.
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