Tuesday, November 4, 2008

Green is going to become more important

With oil prices hovering around $70 a barrel, some may think that the focus on green may go away. At least that's what the stock market thinks. Solar stocks are down and tracking with oil price. But here's why it makes sense to invest in green and renewable energy - for all the reasons we already know - energy security, greenhouse gas emissions and oil prices (stll well above the $30 a barrel we knew a few years ago). But in addition, there is one more reason - because green and renewabel energy will create new jobs, jobs and roles that do not exist and also create wealth at the bottom of the pyramid. Over the next five years, green tech is going to help pull the world through. And governments need to recognize that. Look at Europe's green tech industry-more and more jobs are being created everyday in that sector. Asia needs more green tech - India does for sure.

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