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August 23, 2017 | Countries Can Be Entirely Powered By Wind, Solar and Water

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

This is what smart plans look like.

 

A new scientific road map shows how over 70% of the world’s countries – including the UK, US, China and other major economies – could run entirely on energy created by wind, water and solar by 2050.  See: Nearly 140 countries can be powered entirely by wind, solar and water by 2050

…doing so would not only mean the world would avoid dangerous global warming, but also prevent millions of premature deaths a year and create about 24 million more jobs than were lost.

One of the scientists said the social benefits of following their roadmap were so “enormous” and essentially cost free that human society should “accelerate the transition to wind, water and solar as fast as possible”.

Rooftop solar panels and major solar power plants; offshore and onshore wind turbines; wave, hydroelectric and tidal schemes; and geothermal energy would also be used to replace fossil fuels to generate electricity, power vehicles and heat homes.

Profits in fossil fuel companies and services will continue to be under assault from declining demand as well as rising damages and reparation costs.  Suing the companies and individuals who have enabled great harm while lying and creating false reports to cover it up for decades now, will give lawyers work in class action suits for years to come.  See:  Exxon duped public over climate concerns, Harvard Research says and What Exxon Mobil didn’t say about climate change:

Even while Exxon Mobil scientists were contributing to climate science and writing reports that explained it to their bosses, the company was paying for advertisements that told a very different tale.

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August 23rd, 2017

Posted In: Juggling Dynamite

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