Give Solar Energy 50 Billion Boost


| September 13, 2002


Give Solar Energy $50 Billion Boost

While the United States and Canada still have not ratifyied the Kyoto Protocol, the rest of the developed world is forging ahead to develop renewable energy sources. At the recent World Summit on Sustainable Development, Mikhail Gorbachev's international environment group Green Cross recommended the development of a $50 billion fund to promote solar energy, reports Alanna Mitchell in Toronto Globe & Mail.

The plan would encourage the developed world to reduce coal, oil and gas usage, which would lower greenhouse gas emissions caused by burning fossil fuels. But the primary target is the United States, Green Cross' 'biggest obstacle' to any major step forward to clean energy.

'There is a certain culture in place in Washington which continually has its view of the future blocked by an oil-drilling rig,' said U.S. Congressman Dennis Kucinich, a member of the American delegation to the Summit.

The money for the fund would come from subsidies already paid to coal, oil, gas, and nuclear energy -- estimated by the World Bank at $210 billion a year in direct financial aid, tax breaks and loan guarantees. These subsidies would be used as an initial investment in renewable energy sources such as photovoltaic cells, hydrogen, wind, and geothermal energy. Once the startup costs have been paid, production costs would be lowered, eventually ensuring that 20 percent of the world's energy is derived from clean, renewable sources.
--Rebecca Wienbar
Go there>>














Pay Now Save $5!

Utne Summer 2016Want to gain a fresh perspective? Read stories that matter? Feel optimistic about the future? It's all here! Utne Reader offers provocative writing from diverse perspectives, insightful analysis of art and media, down-to-earth news and in-depth coverage of eye-opening issues that affect your life.

Save Even More Money By Paying NOW!

Pay now with a credit card and take advantage of our earth-friendly automatic renewal savings plan. You save an additional $5 and get 4 issues of Utne Reader for only $40.00 (USA only).

Or Bill Me Later and pay just $45 for 4 issues of Utne Reader!




Facebook Instagram Twitter flipboard


Copyright 2018, All Rights Reserved
Ogden Publications, Inc., 1503 SW 42nd St., Topeka, Kansas 66609-1265