Thursday, July 9, 2009

Gee Eight

The G-8 meeting in Italy finally brings an agreement in greenhouse gas emissions. World leaders seem to finally understand that doing nothing will be more expensive that doing something. Unfortunately they do not see (yet) the urgency and amount of action that needs to be done. A global reduction of 50% in emissions until 2050 sounds good for the press, but considering the inertia of the system, the effects will come simply too late for the environment. And of course, nobody can bet on the fact that the action will really come after the good intentions...

Now that the framework was set, massive amounts of funding will have to go to green technologies, and fast, if world leaders are serious about the issue.

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