The Future 500
Westin St. Francis
335 Powell Street, 14th Fl
San Francisco, CA 94102
415-294-7775
Erik Wohlgemuth,
Project Director ewohlgemuth@future500.org
Alison Wise,
Director of Public Policy awise@future500.org
Fossil
fuels are the most highly subsidized resources
we use. But subsidies aren’t free. And
the bills for fossil fuel dependence are coming
due.
Despite
this, innovation is driving down the cost
of renewable forms of energy.
For
example, electricity from the wind has dropped
from 40-cents per kilowatt-hour to less than
five-cents and, in some locales, three-cents
today. It is expected to drop by half again
in the next few years. (Rifkin 187) The wind
energy industry is growing fast, at more than
25% a year.