The Kū‘oko‘a Plan frees Hawai‘i from its dependence on fossil fuel, creates a sustainable green economy and establishes a globally recognized cleantech industry.
The world’s economy is becoming increasingly vulnerable to the price of oil. It was severely impacted in 2008 when the price of oil rose to nearly $150 a barrel. Hawai‘i was similarly affected as it imports nearly 53 million barrels of oil annually. With peak oil on the horizon, Hawai‘i has begun its energy transformation. In line with the Hawai‘i Clean Energy Initiative (HCEI), the Kū‘oko‘a Plan will take an even more aggressive approach to utilizing its robust renewable resources to ensure 100% energy security within 10 years.
Freedom From Fossil Fuel
The Kū‘oko‘a Plan frees Hawai‘i’s economy from fossil fuel within a decade, relying on indigenous, renewable energy sources like geothermal, wind, solar, biofuels, and ocean thermal conversion, while enabling air and ground transportation to move more quickly away from fossil fuel.
The plan also embraces an innovative power distribution network, establishing a reliable statewide power grid system. In conjunction with a portfolio of renewable technologies, there is more than enough geothermal energy available on the islands of Hawai‘i and Maui to provide firm power for the entire state.
Creating Economic Stability
The Kū‘oko‘a Plan will decrease and stabilize the cost of electricity statewide by using geothermal energy as its core base load. Besides retaining the billions of dollars that are spent on importing fossil fuel, the Kū‘oko‘a Plan will also grow the economy by generating and exporting energy worldwide. In doing so, the Kū‘oko‘a Plan creates new jobs, generates new revenue and adds significantly to the state’s tax base while enabling the development of many renewable energy projects.
Creating Cleantech Industry
The Kū‘oko‘a Plan will create a cleantech sector which will provide sustainable 21st century jobs. Additionally, the Kū‘oko‘a Plan supports STEAM (Science, Technology, Engineering, Arts and Math) education and research in high schools and higher education institutions, which will in turn create a workforce of the future and stimulate the creation of new businesses in the renewable and clean energy sectors.
Inspired and informed by the cultural and community values of Hawai‘i and its people, the Kū‘oko‘a Plan will free the Hawaiian economy from its dependence on fossil fuel and position the state as a global leader in cleantech and renewable energy.
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