by Laura Shin -
Jun 10th, 2009
In the laboratory, algae shows more promise than any other biofuel, producing more oil per acre than any other feedstock. According to some estimates, it could produce anywhere from 20,000 to 100,000 gallons per acre a year compared to corn’s 20-30 gallons.
So, why isn’t it fueling airliners and cars around the world?
Because of the financing valley of death – the difficulty that experimental projects, no matter how encouraging, have in obtaining the considerable investment needed for a commercial launch.
With the financial crisis drying up funding for new green technologies even further, lawmakers are recognizing the need to step into the breach.
A movement of lawmakers, energy companies and environmental groups is now promoting the creation of a federal green bank that would finance clean energy and energy efficiency projects.
Bookmark/Search this post with: