US 'green economy' generates $1.3 trillion and employs millions: Study :thumbs:
The green economy is driving growth and job creation in the United States, but as the rest of the world catches up, the U.S. will have to enact new and supportive policies to remain competitive, a new study from University College London found.
CNBC is a right-leaning, pro-capitalist news source, so it is noteworthy to hear them speak well of the green economy.
Time for us to get on board the green economy! :thumbs:
Regardless of the politics of anyone on CNBC, the report highlights the fact that the global warming denial industry has fought itself to the point of diminishing returns.
Wall Street and the financial sectors around the world have recognized the viability and future of renewable energy and are investing in it at a level never seen before.
Three significant factors have driven the change.
The rapidly falling cost of wind and solar.
The economic power of distributed energy sources. Wind and solar do not require massive capital investments, or long term financing. Tailings pond don’t blow out and poison rivers, and there will never be a meltdown of a windmill. Wind and solar power are cheap and quick to build.
The lithium ion battery has finally gotten cheap enough that stored energy in the electrical grid is now possible. This lowers base load, Eliminates the “duck curve” associated with balancing production with consumption. By storing peak energy instead of spending on peaker power plants to satisfy it, capital costs are lowered. Predictions are that natural gas plants will begin to displace both coal and nuclear for base load power. No one is building nuclear or coal, and no one wants to be stuck with high fixed costs and high carrying costs.
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