Saving the planet from overheating will also boost economies
19th October 2009
All leaders of major countries across the world have announced that the current crisis is also an opportunity to start creating a new structured green energy system globally to reduce carbon emission and save economies. Different industrial sectors have been expanding the global economy during the post war period. There was the Global IT boom during 1990s, home mortgages and a very supportive financial system after that. Both are history today and the world is seeking new engines that will help us to recover from the current depression and to expand in the next decade. Basically, the world is seeking a new hot industry.
Government support is needed more than ever before. Governmental investments into sustainable environmentally friendly development will establish a solid foundation for innovative economical sectors that will create millions of jobs needed to be filled. Also the green revolution will help to save our planet and extend the life period of mankind here. Unemployment has been increasing but that can be stopped by creating new jobs in green sectors and governments are working to support the establishment of such kind of industries. Renewable energy production and green sustainable development will be amongst the most important industries. Governments have started to finance infrastructure for innovative green energy effective industries globally.
World leaders see this as an opportunity for new economic growth in coming years. Globally we need to invest approximately USD 45 trillion to reduce carbon emission by half to forestall the climate warming for more than 2?C by 2050. Reduced energy consumption will cover the costs later US congress has approved a large supportive investment package for renewables in October 2008. The new president of United States has promised to invest USD 150bn into clean technologies and renewable energy over the coming 10 years. There is approximately a USD 240bn worth renewable energy sector already established in Germany that employs 250,000 people and it is predicted that more people will be occupied in this sector than in the car industry by 2020.
Great Britain will spend up to USD 100bn to build 7,000 wind farms during next 12 years. 160,000 new jobs will be available in this industry. Approximately ? of greenhouse gases come from energy consumption of buildings. In fact, the French government is creating up to 200,000 jobs in the building industry to insulate houses to increase energy efficiency up to 40% by 2020. Also a large tax reduction is planned to support low gas emission car industry and purchases, however, people will be forced to pay the penalty, if buying a car that will pollute more than the average one. Oxford Sustainable welcomes these activities and supportive governments in its investment areas. Renewables are the new IT boom for many years to come. Fortunately we have been able to see this coming before the others and have already been investing and expanding our knowledge in this sector for a long time. \"
We are already where other investment companies would like to be in the future and are generating good returns for our investors already\".
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