Monday, October 27, 2008

Renewables Energies, a Great Business

BERLÍN (AFP) — Massive investment in renewables energies could calm the emergence of an industry with an annual turnover of 360,000 million dollars, according to a study presented by the environmental organization Greenpeace on Monday in Berlin. The industry of renewable energy would supply half the world's electricity and saving for the future 18 trillion (a trillion is a million billion) dollars in oil costs, in addition to protecting the climate, according to the report that outlines a action plan to reduce CO2 emissions. The investment in climate protection is economically profitable, says Greenpeace when, in full financial crisis, rising voices against plans to combat global warming. "The global market for renewable energy may increase so that by 2050 would be the size of the fossil industry today," said Oliver Schaefer, a director of the European Renewable Energy (EREC), coauthor of the project along with Greenpeace International. "Currently, the market for renewable energy has a value of 70,000 million dollars and doubles in size every three years," he added. "Because of the economies of scale, renewable energies such as wind, are already in a position to compete with conventional energy," said Schaefer, who says that there are no technical barriers to this development, but political.

(Comment from Oscar Granda)

The energy alternatives are no longer a utopian illusion, to become an urgent reality. At a time when the effects of global warming are already felt strongly in all parts of the world, renewable energy thanks to God are a reality due to their economic feasibility, off the energy derived from fossil. In the industrialized world are considered a big business in the long run, definitely a big business and a great hope for our planet altered.

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