Why the Election Could be Good For Green Tech

The compromise that will come out of political arm-twisting will showcase green’s most valuable asset: speed.

At first glance, it doesn’t look like good news. In the most recent elections, Republicans gained control of the House and narrowed the gap in the Senate. Considering that Congress couldn’t get an energy bill passed when the Democrats had a larger majority, the running fear is that the chances are now even more remote that one will pass.

Actually, the opposite will happen -- for three reasons,

First, presumptive Speaker of the House John Boehner (R.-Ohio) knows he has to accomplish something other than yammer about creeping socialism. Incessant complaining and a failure to follow through helped undo the last Republican revolution. Whether his allies like it or not, statesman-like compromise is on the agenda.

Clean energy, luckily, remains one of the few issues that enjoys bipartisan support. It also plays well in most regions of the country. Forget the rejection of Prop 23, an anti-greenhouse gas regulation initiative proposed in California, for a moment. Voters in Missouri -- the heart of coal country -- in 2008 voted for an initiative that required utilities in the state to get 15 percent of their power from renewable sources, according to Rosalind Jackson at Vote Solar. The initiative came about after the legislature failed to act. Voters in Colorado and Washington have both passed renewable standards.

Read the full story on Green Tech Media. November 9, 2010.