Houston wants to be the renewable capital of the world. Renewable-energy officials flaunted the efforts of startups and entrepreneurs as the best chance for a successful transition, arguing that oil and gas won’t be the economy leaders in the following decades.
With more than 4,600 energy firms in Houston, the fossil fuel energy still dominates the local economy.
Industry groups say the world will need oil and gas for a long time. While trying to tackle its green project, BP has announced a number of clean energy initiatives, including reducing its oil production by as much as 40 percent by 2030 and accelerating investment in renewables and biofuels to around $5 billion per year by 2030.
But while the majority of renewable power generation may not happen in city limits, Houston’s large industrial center and large energy talent pool could help it attract renewable energy company headquarters.
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While Houston’s strong involvement with the energy industry provides certain advantages during the transition, the city still could finds itself falling behind on solar energy projects. While several energy groups may argue that California, or other states that have been moving further in policies for the energy transition, this shouldn’t necessarily be the path energy – driven Texas follows.
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