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Friday, February 08, 2008

A $7 Trillion investment in our future

If you’re worried about investing in green technology in today’s volatile market, consider a new analysis by the Cambridge Energy Research Associates (CERA) that estimates that worldwide clean energy investment could surpass US$7 trillion by 2030.

According to CERA’s report, “Crossing the Divide: The Future of Clean Energy,” the public concern over climate change will have a major impact on public policy and lead to more private investment in clean energy technologies.

"The rapidly advancing new paradigms of climate change, energy security, and policy implementation and cooperation among the United States, the European Union, China and others will produce a broad range of opportunities, risks and pitfalls as the modern energy industry increasingly moves to adopt clean technologies that will be part of the alternative, low-carbon pathway to the energy future," said Robert LaCount, head of CERA's Climate Change and Clean Energy Group.

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