“Everything everybody thinks about clean energy is wrong,”...
"Everything everybody thinks about clean energy is wrong,” and in “the same way that they were wrong about telecom 20 years ago, when I became the FCC chair,” said Reed Hundt, discussing what his new e-book, Zero Hour, says about…
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building so-called clean power. Twenty years ago, many underestimated the impact of the Internet on long distance and other types of phone and telecom service, he said in an interview Wednesday. “All these statements were wrong for the exact same reason that everyone underestimates what will happen with clean energy,” in that Moore’s Law will apply to power generation too and will lower costs, said Hundt. “The power platform is where the knowledge platform was in 1993,” said the e-book (http://amzn.to/1jmDSJO). “From approximately that date, digitization, regulatory reform, and low cost capital changed the platform of all modes of information consumption in less than a decade.” Hundt, an FCC chairman under President Bill Clinton, now is CEO of the Coalition for Green Capital.