Most environmentalists agree that what the burgeoning green energy sector needs most is an incentive - for businesses and entrepreneurs, that is. Without a financial reason to invest in a new solar installation or multimillion dollar wind farm, there stands no real chance of lessening the country's dependence on fossil fuels.
While this transition will likely take some time, a number of recent legislative initiatives may help stimulate the growing industry. In California, for example, lawmakers have passed a law mandating state utilities receive one-third of their energy from clean sources by 2020 - a measure that may assist green tech entrepreneurs looking to incorporate in California.
President Barack Obama is pushing for a similar goal, recently calling upon the U.S. to achieve 80 percent of its energy from clean technology by 2035. However, many have drawn comparisons between President Richard Nixon's doomed call to domesticate all U.S. energy by 1980 and Obama's appeal. Moves to curb the power of the Environmental Protection Agency - a creation of the Nixon administration - have also been proposed.
But the Nixon administration's goal was a different time, with different technologies and different incentives - following the sentence about curbing the EPA makes it sound as if that happened in a different time, says Entrepreneur magazine contributor Sharon King Hoge.
"Although the oil and gas shortages in the 1970s failed to squelch the conventional internal combustion engine, the automobile industry is finally getting the message, seeking engineers to think up new automotive power systems, designs and better ways to get around," she writes.
Tags : business licenses & permits, ca, incorporation news, small business management
Posted: Mar 8th, 2011