economy

Greenomics

- Adam Clare

The CBC has a feature article on the emerging green economy and it’s a good read to start the week.

At the same time, some leading multinational corporations are taking action to slash their use of fossil fuels. Manufacturer Johnson and Johnson has reduced its greenhouse gas emissions by seven per cent while growing its business by 300 per cent in the past eight years, according to Banks.

“They’re saving on average about $40 million a year. So, the rhetoric that this is going to hurt economies, that it’s going to bankrupt companies, is simply not the case,” said Banks.

Canadian entrepreneurs are hoping to take advantage of the growing appetite for clean technologies, which includes everything from efficient lighting to renewable energy. More than 70 Cleantech companies are now listed on the Toronto Stock Exchange, including many solar technology firms.

UK Gives Big OK to Massive Wind Farms

- Adam Clare 1 Comment

ure-2.pngThe UK is going to expand their wind farms so that half of their energy will come from wind. Interestingly, they are taking a purely economically-driven take on this. I hope that people like Harper and Bush will soon start to notice that saving the planet creates jobs and helps create an economy that can prosper; after all, the Brits are doing it.

“The UK is now the number one location for investment in offshore wind in the world and next year we will overtake Denmark as the country with the most offshore wind capacity.

“This could be a major contribution towards meeting the EU’s target of 20% of energy from renewable sources by 2020.”

Hutton made clear the scale of the plans. The “first round” of offshore wind farms, in 2001, comprised a few small demonstration projects. The “second round” in 2003 limited development to the Thames estuary, the Greater Wash and the northwest.

And the BBC reports on the wind farm:

Business Secretary John Hutton says he wants to open up British seas to allow enough new turbines – up to 7,000 – to power all UK homes by the year 2020.

He acknowledged “it is going to change our coastline”, but said the issue of climate change was “not going away”.

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