Some interesting testimony from Thomas Friedman in his appearance earlier today before the Senate committee on Environment and Public Works. The hearing was titled, "Investing in Green Technology as a Strategy for Economic Recovery."
Think about the scale. I give just one example. Nate Lewis of Cal Tech uses this number. We currently, the world currently uses about 13 terawatts, 13 trillion watts of energy. Between now and 2050 we’re going to double that to 26 terawatts, 26 trillion watts. If we want to go from 13 to 26 [terawatts] as a world, accommodate the growth of China and India, and not double the amount of CO2 in the atmosphere – which is the red line from pre-industrial period, which is the red line beyond which climate scientists believe all the climate monsters will come out of the closet—if we want to do that, we basically, we have to take 13 terawatts and get rid of them, through energy efficiency. And of the new 13 terawatts, we need to produce 80% of that from clean, non-emitting sources. If we said, let’s just do that by building nuclear plants, we would have to build one new nuclear plant every day for the next 36 years.Sounds like investing in green technology as a strategy for economic recovery to me.