Posted by: Dr Churchill | February 2, 2014

Real economic growth needs sustainable energy

Real economic growth is built on sustained investments in new technologies over the course of decades. Such an era of investment-led growth does not occur by market forces alone.

Energy lies at the heart of the world’s economic growth story.

And energy also lies at the heart of the debate about the future direction of our economy.

On the one hand, abundant, accessible, low-cost energy is vital for economic prosperity — On the other hand, the world’s pattern of energy use, based on fossil fuels, threatens massive future climate change with devastating potential consequences.

The greatest economic challenge, therefore, is to meet the energy needs of a growing world economy while moving to a safer pattern of energy use.

And those are the sustainable technologies and the energy that is extracted through modern means from renewable resources.

And that is where we need to go and that happens to be the field we will need to innovate… in both finance and technology.

Because the real jobs of the future/present, wealth, and economic growth, are all built on sustained investments in new technologies over the course of time through government led finance and innovation.

Yours,

Pano

PS:

It is an interesting challenge because it also happens to be the economic sustainability challenge – long term.


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