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I couldn't get the article even when registered, but we spend about $800 billion/year in the USA alone for energy ($16,000 billion in two decades) so $12,000 bn in two decades doesn't seem ike so much for the entire World.
Bob
--- On Thu, 5/12/11, Bill Barberg <bill.barberg@insightformation.com> wrote:
From: Bill Barberg <bill.barberg@insightformation.com>
Subject: RE: [CCG] "World faces $12 trillion renewable energy bill"
To: "ClimateConcern@yahoogroups.com" <ClimateConcern@yahoogroups.com>
Date: Thursday, May 12, 2011, 6:19 AM
Keep in mind that there is a huge difference in investing trillions of dollars in our economy (people, education, labor, R&D, etc.) and spending it on scarce natural resources in countries that generally don’t like us and certainly don’t have our best interests in mind. Investments in our own economy have a positive multiplier effect, whereas money spent to import oil pretty much leaves our economy. That doesn’t mean we can spend foolishly, but some investments in renewable energy and conservation should really help our economy.
Bill Barberg
New!Link to Our 4 Minute Demo Now...
763-331-8361
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To: ClimateConcern@yahoogroups.com
Subject: [CCG] "World faces $12 trillion renewable energy bill"
The Financial Times quotes an IPCC report as saying that "close to 80 per cent of the world's energy supply could be met by renewables by the middle of the century". But as much as $12 trillion "would have to be found over the next two decades to develop the wind, solar and other renewable energy sources needed to keep global greenhouse gas emissions at bay."
See:
http://www.ft.com/cms/s/0/4b2fc2d2-7a8e-11e0-8762-00144feabdc0.html#ixzz1M4WClbmc
David Fairthorne,
Thornhill, Ontario.
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