A solar cynic would point out that power from the sun provides only 0.04% of today's global energy supply. While that may seem less than impressive, remember that solar power can still expand, taking a lot of market share away from the remaining 99.96% of the world's other energy sources.
With that in mind, I'd like to note two big deals announced late last week. First, PG&E
Second, FPL Group
Beyond my belief in solar power's ability to grab a larger share of the overall energy market, I like these latest moves. Within the next few years, I think there's a better-than-even chance that Congress will either impose a "cap and trade" system to limit companies' carbon dioxide emissions, or possibly even implement a carbon tax to achieve the same goal. Members of both houses of Congress have introduced legislation seeking to limit carbon dioxide emissions, and several major presidential candidates support some form of global-warming-focused reform. Furthermore, a number of leading corporations -- including General Electric
If some sort of cap-based system were enacted, companies with the foresight to reduce their CO2 footprint ahead of time would be better positioned to weather the ensuing storm. Both PG&E and FPL Group have now taken big steps in that direction. I believe that both companies could be looking at more sunny days ahead, thanks to their ramped-up commitments to solar.
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