Will Green Progress Be Stalled by the Bad Economy?
source: http://www.time.com/time/health/article/0,8599,1855081,00.html?xid=rss-topstories
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- bonemachine
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Environmentalists can't decide whether to celebrate the recession or dread it. Conventional wisdom holds that the green movement will be one of the first casualties of the downturn.
There's a fine line between optimism and denial. The WilderHill New Energy Global Innovation Index, which tracks the stock prices of clean-tech companies, is down about 80% since the beginning of September. (By comparison, the S&P Index lost about 25% of its value over the same time period.) The cost of oil, which has driven much of the investment in alternative energy in recent years, has halved since the summer. And new industry, like wind farms and solar panel factories, are no less affected by the credit crunch than any other business.
In March 2007, European Union members pledged to cut greenhouse gas emissions 20% below 1990 levels by 2020 — but that was back when the Dow was 25% higher than it is today.
There's a fine line between optimism and denial. The WilderHill New Energy Global Innovation Index, which tracks the stock prices of clean-tech companies, is down about 80% since the beginning of September. (By comparison, the S&P Index lost about 25% of its value over the same time period.) The cost of oil, which has driven much of the investment in alternative energy in recent years, has halved since the summer. And new industry, like wind farms and solar panel factories, are no less affected by the credit crunch than any other business.
In March 2007, European Union members pledged to cut greenhouse gas emissions 20% below 1990 levels by 2020 — but that was back when the Dow was 25% higher than it is today.
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energyman
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WELL "GREEN CAN BE GOLD"! A G.E.N.E. GREEN ENERGY NEW ENERGY DAY ON NIKOLA TELSAS BIRTH,GLOBALE ENRGINDPENDENCE DAY" COULD HELP PROMOITE ALTENTAIVE ENERGY TESLAS WAS APIONEER OF ENERGY TOO!) SEE CURRENT G.E.N.E GREEN ENERGY NEW ENERGY DAY,DR. EDSON ANDRE' JOHNSON D.D.ULC 9ALSO SEARCH GOOGLE FOR G.E.N.E AND GLOBAL ENRGY INDPENDENCE DAY)
- 3 years ago
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energyman
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metalcookiesxy70
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It can become a resolution to the bad economy, but the officals won't let it happen....
- 3 years ago
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metalcookiesxy70
