http://online.wsj.com/public/article/SB116337967603521181-XoaCh_oy6v0JyhW2wd4yQ31pahQ_20061213.html?mod=tff_main_tff_topWASHINGTON -- A new Rand Corp. study showing the falling costs of ethanol, wind power and other forms of renewable energy predicts such sources could furnish as much as 25% of the U.S.'s conventional energy by 2025 at little or no additional expense.
A second renewable-energy report soon to be released by the National Academy of Sciences suggests wood chips may become a plentiful source of ethanol and electricity for industrial nations because their forested areas are expanding, led by the U.S. and China.
Because use of renewable fuels to replace oil and cut emissions of carbon dioxide is an area on which Congress's coming Democratic leadership and the Bush administration agree, the studies are likely to hasten efforts to increase production incentives next year, either in a new energy bill or a farm bill. (See related articles.)
"We hope it will help policy planners rethink the context," said Reid Detchon, executive director of the Energy Future Coalition, a foundation-funded bipartisan group. The coalition sponsored the study by Rand, a nonprofit research group known primarily for defense studies.
<more>