Financial crisis already delaying green projects
The global financial crisis already has delayed some green energy projects, stoking fears that a shortage of investment money will lead to cheap and dirty decisions on new power plants, the U.N.'s top climate official said.
Instead, investors should see the crisis as "an opportunity for green growth" as they replace up to 40 percent of the world's power generation over the next decade, said Yvo de Boer, the executive secretary of the U.N. ...
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This economic crisis is itself a "green" action forced upon us by the least green amongst us: the banks. As the crisis deepens, our footprint, including our production of green house gasses decreases. Fortunately another aim of our economies coencides with the necessity of reducing Carbon dioxide emissions. Namely the need of each country to greatly reduce energy imports. The money America sends overseas, for energy, comes back to buy up her ports, businesses and main street. I wonder how much of America is still owned by Americans. The only way to become energy independent is to greatly increase wind, solar and tidal energy generation and convert the domestic fleet to electricity. I bet Obama is very much aware of this and he is fortunately not in the pocket of Big Oil. Interesting times.