Green Options

This weekend the main Chinese legislature adopted an amendment to the renewable energy law, requiring that utilities buy all the electricity produced by renewable energy generators. Power enterprises refusing to buy power produced by renewable energy generators would be fined up to an amount double that of the economic loss of the renewable energy company.

Which state makes 15 percent of its electricity entirely from wind power?

Iowa. In 2006, according to the Iowa Utilities Board, wind power provided 5 percent of the state’s electricity. Now, just three years later,  Iowa produces between 15 and 17 percent of its own electricity from wind power.

MidAmerican Energy, Iowa’s biggest utility, pays farmers $3,500 a year (plus 2% increase annually) to rent locations for 102 wind turbines. To scout the best locations, they paid $5 an acre to survey likely farmland, and will pay $10 an acre per year to keep those options open for future additional wind turbines.

Photo: Sonia Fridman

Gore said for the carbon lobby to be trying to convince their stockholders that renewable energy is risky business and that climate change is a hoax, they are purporting a type of stock fraud that should be addressed by attorneys general across the country.