Some predict that private equity can not afford to fund a switch to renewables. If so, how will America come up with the money for it?
America is at present muddling through; and a massive replacement of our energy infrastructure is not taking place, in part because private equity can not cost justify it. Similarly the DOE is not allocating the huge funding needed to catalyze such renewal because it is not yet a front-burner priority. How much serious money (in billions) will be in your 2014 budget to launch such a renewal? Where have you made available, to both press and public, the detailed reasoning behind this estimate?
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William F. Pickard
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