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Greenpeace - Making Waves: Isn't it time we bailed out the planet?

Posted on September 22, 2008

How much renewable energy could you buy for the 700 billion US dollars about to be spent bailing out failed banks? Here's a quick calculationGlobal wind market in 2007 - 37 billion dollars - 19 865 MW added700 billion is about 19 times 37 billion, giving us 377 GW of new electricitySo that's 5-6% of global electricity demand switched to clean renewable fuelAnd as an added bonus, once you'd spent the money you'd be left with 700 billion dollars worth of profitable generating capacity, rather than handfuls of worthless loans. In other words you'd have made a good investment in your future, and t...

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demand , greenpeace , renewable , renewable energy , wind