Government policies and subsidies play an important role in incubating and popularizing renewable energy technologies such as solar and wind. This video interview with Ted Ko of the FIT Coalition profiles the nonprofit’s work in advocating for renewable energy policies in the US. FIT, short for Feed-In-Tariff, is a government policy and subsidy plan with proven results. Originally created in California, the plan was implemented in Germany and now applied in 63 jurisdictions around the world. FIT typically includes three key provisions: 1) guaranteed grid access, 2) long term contracts for electricity produced by the renewable technology and 3) set purchase prices that tend towards grid parity. These provisions remove the risk barrier for investing in renewable energy, thus encouraging investment. Fifty percent of renewable energy in the world has been installed under FIT, and ninety percent of solar installations in 2009 were enabled by FIT. To learn more about recent events at the FIT Coalition and how you can help bring a renewable energy future to the US, view the video below.
Connie Kwan is a GreenTech Marketing professional based in Silicon Valley, CA. She is pursuing an MBA in Sustainability at Presidio Graduate School and blogs about sustainability and business at Sustainable Thinking: Applied. Follow her on Twitter @ConnieMKwan.