Social Media Sidebar

Announcement

Please sign up, comment on articles and bring your friends!

Current poll

PlanetTech is asking:

What do you think about our new web site?

Love it, indeed
Really good solution
Same as old one
The old one was better
This is a new option

Quote of the day

We are all now connected by the Internet, like neurons in a giant brain.

 

Stephen Hawking

 

Elon Musk: 'I think we may see some surprising things from the next administration on renewables'

RATE THIS! +46
Posted in Science on 7th Jan, 2017 03:36 PM by AlexMuller

Elon Musk met with Donald Trump since the election, a move that was welcomed by people concerned about climate change considering Musk’s mission to address the issue and Trump being dismissive of even the existence of the problem.

 
Musk has since joined Trump’s Strategic and Policy Forum and he attended a meeting with the President-elect last month alongside several other tech executives.
 
During an event with investors at the Gigafactory in Nevada this week, Musk described his takeaway from the meeting and it looks somewhat encouraging for the clean tech industry. 
 
Investors attending the event told Electrek that Musk said the following when his meeting with Trump came up:
 
“The President-elect has a strong emphasis on US manufacturing and so do we. We are building the biggest factory in the world right here, creating US jobs… I think we may see some surprising things from the next administration. We don’t think they will be negative on fossil fuels… but they may also be positive on renewables.”
 
When someone like Musk, who had access to Trump, says something like that, it’s significant. That could represent an important change in the perceived approach to renewables that the upcoming Trump administration has been taking.
 
The fact that Musk believes that the administration “will not be negative on fossil fuels” takes a carbon tax off the table, but that’s not surprising considering Trump has been promoting himself has the champion of the fossil fuel industry and promised to unlock fossil fuel reserves in the US.
 
But even if regulations make it easier for people to invest in those reserves, it may still be difficult to find the investments considering the rapidly falling price of renewable energies. It would be hard to convince investors to reopen a coal mine today when the electricity it would produce will be more expensive than the unsubsidized and levelized cost of solar energy.
 
Nonetheless, there are still plenty of things that governments can do to slow the growth of renewables. For solar, changes in net metering and the legal monopolies on the sale of electricity come to mind.
 
The meeting Musk had with Trump reportedly revolved around job creation and that seems to be the card that Tesla’s CEO is playing with the President-elect. It’s hard to convince someone to act on something they don’t believe in, but if Trump wants to be the champion of job creation and Tesla shows that renewables create a lot of jobs, then their interests are aligned.
 
As we recently reported, Tesla currently employs over 30,000 people, more than 25,000 of which are in the US. Tesla wants to add over 3,000 manufacturing jobs at its factory in Fremont, California, 1,000 at its solar panel factory in Buffalo, New York, and over to 6,500 at the Gigafactory in Nevada.

Tags: energybusinessclean energyclimate change

Read original article » Back to category

Comments

Author: Guest
Posted: 2017-01-08
+1
These are all just words and guesses at present, what the new administration is going to do is not clear, not even to people involved..... Reply


 

Recent headlines

  • Posted in Business on 2017-06-25 14:44:38
    Microsoft wants to make Direct Reality VR’s answer to.....read more
    Posted in Medicine on 2017-06-25 14:31:51
    UK's first heart pump targets 2018 clinical trial..read more
    Posted in Software on 2017-06-24 14:42:11
    Google to make quantum computer faster than classical.....read more
    Posted in Business on 2017-06-24 14:31:46
    SpaceX successfully launches and lands a used rocket for.....read more
    Posted in Software on 2017-06-24 14:15:18
    Yale and Oxford researchers say 50% chance AI will.....read more
Posted in Business on 2013-10-10 01:33
China is working towards a manned lunar mission in about.....read more
Posted in Business on 2013-10-20 07:17
Spacex says China is their main competitor for commercial.....read more
Posted in Software on 2013-10-20 06:43
Pirate Bay Browser Clocks 1,000,000 Downloads..read more
Posted in Medicine on 2013-10-10 02:10
Google reportedly investing hundreds of millions into new.....read more
Posted in Medicine on 2013-10-14 03:13
Endothelial Cells Can Repair and Regenerate Organs,.....read more
Posted in Science on 01.01.2010
Spacex says China is their main competitor for commercial.....read more
Posted in Science on 01.01.2010
Staring at Your Phone Could Be Making You Short Sighted..read more
Posted in Science on 01.01.2010
Oculus Rift virtual reality headset coming to mobile, but.....read more
Posted in Science on 01.01.2010
China is working towards a manned lunar mission in about.....read more
Posted in Science on 01.01.2010
Delivering drugs via nanoparticles to target mitochondria..read more

Recent Blog Posts

  • Posted by AlexMuller
    Nanoparticle vaccine shows potential as immunotherapy to fight.....read more
    Posted by AlexMuller
    Obesity is top cause of preventable life-years lost, study shows..read more
    Posted by AlexMuller
    Light can be utilized to control gene function..read more
    Posted by AlexMuller
    Brain stimulation restores memory during lapses, research shows..read more
    Posted by AlexMuller
    Wax worm caterpillar will eat plastic shopping bags: New.....read more

Login to your Account

Login to your PlanetTech Account here

Username:
Password:
Remember me
or

Create a New Account

You just need username and password

The following errors occured:
Username:
Email:
Password:
Verify password:
Remember me