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Energy > Renewable Energy > Oil
Tax current profits from oil companies to fund alternative energy programs
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Background

Renewable energy effectively utilizes natural resources such as sunlight, wind, tides and geothermal heat, which are naturally replenished. Renewable energy technologies range from solar power, wind power, and hydroelectricity to biomass and biofuels for transportation. About 13 percent of primary energy comes from renewables, with most of this coming from traditional biomass like wood-burning. Hydropower is the next largest source, providing 2-3%, and modern technologies like geothermal, wind, solar, and marine energy together produce less than 1% of total world energy demand. The technical potential for their use is very large, exceeding all other readily available sources.

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