Green tech, when you will take off?
Harry Fuller pointed out in Oil up, your U$ money’s down and that’s happy news in green tech that as oil price skyrocketed, US$ record low (against the Euro) and Saudi Arabia may stop pegging its economy to US$, these are all good sign for green technologies.
For consumer green energy (such as solar power, rooftop wind turbine), the investment is usually upfront. At the moment, most of the investment will be looking at a 10 to 20 years period for economical return. This is far too long for ordinary people to take green energy as a viable option.
My guess is that when the return can be achieved within 5 years, green technology will take off. What do you think?
Labels: renewable energy economy