Military green investments could hit $10B by 2030
It's no secret to anyone following green tech that the Department of Defense has taken a particular interest in advanced biofuels, vehicle fuel efficiency, renewable energy, and building efficiency. But many may not realize to what extent the DOD has changed its policy, or the large impact this shift is going to have on the economy, according to a report released yesterday afternoon by the Pew Charitable Trusts.
The report (PDF) asserts that the DOD is one of the world's largest institutional consumers of fossil fuels, consuming 300,000 barrels of oil a day in 2009. The DOD's energy cost for 2010 was $15.2 billion (PDF) … Read more