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View Diary: Climate Change science consensus: A simple table to consider ... (124 comments)

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  •  Investment in renewable energy (4+ / 0-)

    is what is needed most.

    While the Obama administration doesn't always seem to be working for legislation to reduce greenhouse gas emissions, it has worked effectively to increase investments in renewable energy.

    On the basis of current trends, assuming that we can continue to increase investments in renewables nearly as much as we have in the last few years, I've calculated that we can have nearly 100% energy production with renewable sources within 40 years.  The rate of increase in investments needed is in the range of 10% to 15% per year.  Last year the world rate was about 30% and the U.S. rate was higher than this.

    Even BP has stated that they expect a sustained increased rate of investment in renewables of a little over 8%.  This is an underestimate produced to make them seem viable for many decades.

    I expect to see the beginning of a collapse of the fossil fuel industries within 20 years.  Companies like BP know this and are trying to make all the money they can quickly.  The catch here is that we have to keep finding ways to increase the right investments.  These investments must increasingly come at the expense of investments and subsidies in fossil fuel energy.  That's going to get easier to sell once the costs of renewables drop just a little more.

    "Trust only those who doubt" Lu Xun

    by LookingUp on Mon Feb 20, 2012 at 07:50:50 AM PST

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