Yesterday, Google unveiled a new initiative that seeks to develop electricity from renewable resources, such as solar and wind power, that will be cheaper than the electricity created from burning coal. In 2008, Google will expend significant resources for research and development and investments in renewable energy.

Larry Page, Google Co-founder and President of Products, said “Our goal is to produce one gigawatt of renewable energy capacity that is cheaper than coal….If we meet this goal and large-scale renewable deployments are cheaper than coal, the world will have the option to meet a substantial portion of electricity needs from renewable sources and significantly reduce carbon emissions. We expect this would be a good business for us as well.”

Good business indeed. This initiative is good for the environment, which is good for global development. And we’re good with that.

Read more about Google’s initiative at their Press Center.

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This entry was posted on Wednesday, November 28th, 2007 at 8:42 pm and is filed under Climate Change, Environment. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.