Earlier this week at the Governors’ Global Climate Summit, President elect Obama talked about Global Warming and the need for clean energy. He said we would invest $15 billion each year for the next 10 years to support alternative energy.
Time magazine states that this won’t be enough and looks at the international costs.
The International Energy Agency’s (IEA) annual World Energy Outlook, released Nov. 12, projects that global energy demand will increase by 45% between 2006 and 2030 — and that $26 trillion in power-supply investments will be necessary simply to meet those needs.
Obama’s plan for $150 billion is a step in the right direction, but more action is needed. If you read the Time article, you know we must invest in wind and solar power, but why not Passenger Energy too? Maybe we would not have to invest so much, if we could simply conserve more.