Economic downturn 'a chance to invest' in green energy: Gore Mumbai (AFP) Sept 18, 2008 The global economic downturn and the crisis in the US financial markets offers the chance for investment in green energy, former US vice-president Al Gore said Thursday. Central banks have thrown billions of dollars at the global credit storm, which has seen stock markets plunge and scalped big banks exposed to the ongoing effects of last year's collapse of the US sub-prime mortgage market. Speaking via satellite-link at the launch of Live Earth India concert, where proceeds will go to solar energy projects, the environmental campaigner said the world was at a turning point. Asked by AFP whether the financial crisis would mean less money for projects to cut greenhouse gases blamed for global warming, Gore said the time was now right to stimulate the right kinds of investment to kickstart economies. "In the United States, the largest amount of debt has been pulled up because of the purchase of foreign oil," he told a news conference. "We need to substitute renewable sources of energy -- solar energy, wind energy and others -- in place of the very expensive and dirty oil and coal that's contributing to the debt crisis and the general financial crisis. "It (the global financial slump) is in some ways a great opportunity for us to have these technologies before us... to revive economies." Gore, who with the UN's Intergovernmental Panel on Climate Change won the Nobel Peace Prize last year, said renewable energy projects would create jobs, "stimulating the economy in the right way." Community Email This Article Comment On This Article Share This Article With Planet Earth
Related Links Powering The World in the 21st Century at Energy-Daily.com
Google and GE allies in quest for clean energy San Francisco (AFP) Sept 17, 2008 Internet titan Google and technology colossus General Electric said Wednesday they are joining forces to promote a "smart" US electric power grid and clean energy policies. |
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2007 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |