The same tax, and incentive systems have not been
that were utilized in the wind and solar initiative I showed you earlier, have not.
Had the same effect and have not been in place in
a consistent manner like they have been for for electricity.
And so the the renewable fuel standard has struggled to
meet it's renewable volume obligations, obligations that are.
By the EPA to establish how many gallons need to go into the system.
And so the challenge has been, how do you permanentize make
permanent these incentives, both on the tax side, and on,
on these renewable volume obligation numbers, to allow.
New developing technology, or technology that's in development to commercialize
at a swifter pace, and that means, greet, getting more investors to the marketplace.
And allowing these investors to invest and
have security that these set of incentives remain in place.
You know the United States Navy looks at this in a really unique
way in that this is of the energy that is considered a force multiplier.
Those who have it win wars, or prevent wars, and
those who don't usually go to war.
And so you know the Navy has looked upon renewable energy in particular as
a force multiplier because if they can sustainably develop energy resources that
don't require them to be beholden from
a diplomatic standpoint or a national security standpoint to.
People that hold lots of energy resources in parts of the world.
Then they are free to to address major conflicts around the world or
for whatever they're.
And, and are not burdened by the encumbrances of various diplomatic
and political.
Circumstances that those particular countries that
hold energy resources may have so it's strategic advantage for
a country to develop renewable sources of energy and own our own energy destiny.
And then finally I think it's important to point out that other places in the world
are really focused in on energy and carbon and energy are directly related.
Carbon obviously is that major component of, of of the molecules that are in,
imple, in particular in the ,in the crude oil side of the business and
the hydrocarbon side of the business.
And the National Democratic Reform Commission in China which is the,
is the central planning agency of the Chinese government.
Have very much,
are very much focused on both accessing new sources of energy, looking for
new sources of renewables, investing in renewable fuels as well as electricity.
Some of the largest renewable electricity systems in the world are in,
in China these days.
And they continue to grow at a very swift pace both on the wind but
in particularly on the solar side.
They have lots of solar resources in the outer Mongolia region that
they're trying to capitalize on.
And the NDRC understands that in that one of the things that
holds their nation back economically, is the amount of carbon dioxide,
the largest producer of CO2 in the world.
Greenhouse gas that causes changes in our climate.
And that presents significant political as well as foreign policy channel,
challenges to the country.
And so they're investing and
have implemented policies to institute cap and trade systems.
Into, into their production systems forcing large
emitters of carbon dioxide to reduce their emissions and do it in a framework that's
very similar to that framework that was implemented in the state of California.