Al Gore investment partner ‘panicked’ over green energy; ‘We don’t have the technology’ to cut emissions as needed

PCMag reports:

John Doerr was most passionate in talking about green technology. The green companies Kleiner Perkins has invested in, including Silver Spring Networks, Enphase Energy, and Bloom Energy, did $1.4 billion of business in 2011; last year, the same companies did $2.4 billion.

“There are reasons to be optimistic, but I’m still basically panicked,” Doerr said in thinking about energy and climate change.

Science tells us that by 2050 we need to reach 20 percent of today’s carbon emissions and to do that we need to get the developed world to zero percent using technologies such as solar, wind, hydro, and nuclear power. “We don’t have the technology,” he said.

The government is spending only $4 billion on energy research—about the same as Americans spend on potato chips—and Doerr would like to see that doubled to $8 billion. For comparison, he noted the government is spending $80 Billion on border security.

Read more…

About these ads

One response to “Al Gore investment partner ‘panicked’ over green energy; ‘We don’t have the technology’ to cut emissions as needed

  1. Doerr is “panicked” for fear of a collapse in the “green energy” market and his investments along with it.
    Government has no business investing in “energy research” – and has the track record to prove it. If the potential returns had any merit, the free market would invest and would be far more successful and efficient than government ever could. Doerr laments the low level of government “investing” because his companies depend on income from it.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s