My thoughts on today’s post from Green Car Congress:
While I agree with Gov. Schwarzenegger that the bill neglects the carbon footprint of some alternative fuel technologies, government mandates for such a new/world-changing industry are necessary.
Without government support, investors would not be diving in head-first into alternative energy technologies. I do not think we can place biofuel investments in the same category as traditional investments. If biofuels were synthetic gasolines that could be used in un-modified engines and were produced cheaper than conventional gasoline, government support would not be necessary. Biofuels have to prove themselves with the help of the government to gain consumer adoption.
I hope that Energy Secretary Bodman considers Gov. Schwarzenegger’s concerns and adjusts the bill accordingly with sound, unbiased (is this possible in this industry!?) research.
