As almost 20,000 flock to the world’s biggest wind power conference in Chicago this week, it is not surprising that oil and gas executives in a survey of alternative energy from KPMG say they believe wind will be the biggest winner from President Obama’s policies.
Thirty-five per cent of the 382 financial executives polled by KPMG’s Global Energy Institute in April 2009 expect wind power to be the biggest winner, followed by 18 per cent for natural gas and 17 per cent for biofuels. The biggest losers? Forty-two per cent of executives said coal, while 36 per cent said oil.
Nonetheless, 93 per cent of the respondents see wind generation growing to only six per cent of US energy generation by 2015 (from around 1 per cent today), and only 17 per cent say wind energy is viable for mass production by that year.
Despite the emphasis on wind, as alternative energies gain momentum to combat global warming and create energy security, nearly half (47 per cent) of the executives still believe that global warming is a natural weather cycle, although this number is down from 62 per cent last year.
And 59 per cent do not support either a cap and trade or carbon tax to reduce carbon dioxide emissions.
In the FT: US wind sector impatient for stimulus funds