- Jun 16, 2011
I finally got around to reading this weeks issue of the Engineer magazine and what do I find inside, there is a link to report at the bottom of the article and a link to a video presentation halfway down the article.
Any thoughts ?World leaders heading home from this weeks Davos economic forum, will leave with a stark prediction ringing in their ears: invest trillions of dollars in green technology or face economic and environmental meltdown.
The warning is made in a report released by the Green Growth Action Alliance, a group led by former Mexican President Felipe Calderon which includes over fifty of the worlds largest energy companies as well as, amongst others, the World Bank, Deutsche Bank and the European Bank for Reconstruction and Development.
Acknowledging that public funds are limited, and increased public-spending isnt particularly compatible with the current climate of international-belt tightening, the reports emphasis is firmly on supporting private investment. Indeed, citing observations of climate-specific investment, it argues that a relatively small increase in highly targeted public spending to around $130 billion per year could secure private capital in the region of $570 billion per years.
Theres no getting away from the fact that the figures discussed are pretty huge. $700 billion a year for the next 20 years is $14 trillion.......................................
Read more: Green planet | Opinion | The Engineer