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It will cost $515 billion annually through 2030 to wean the world off fossil fuels and create a low-carbon future according to a report released by the World Economic Forum. Purchase viagra on line: onshore and offshore wind, solar thermal and photovoltaics, waste-to-energy, geothermal and next-generation biofuels were all identified as large-scale clean energy sectors that governments throughout the world should pursue to address energy security and climate change. Purchase viagra on line: the report also suggested that the current financial crisis is the perfect time for governments to build stimulus packages that feature clean technology, energy efficiency, and renewables at their core.

Max von Bismarck and Anuradha Gurung from the World Economic Forum, and Chris Greenwood and Michael Liebreich from New Energy Finance, said “enormous investment in energy infrastructure is required to address the twin threats of energy insecurity and climate change; purchase viagra on line.In light of the global financial crisis, it is crucial that every dollar is made to ‘multi-task’ to create a sustainable low-carbon economy.”

The Guardian story notes that an index of the world’s 90 leading clean energy companies had a five-year compounded annualized return of almost 10 percent — a return unmatched by the world’s major stock indices – purchase viagra on line.

A few thoughts:

By any measure, $10 trillion is a lot of money, and breaking it down in to…er, bite-sized chunks of $515 billion annually scarcely makes it easier to digest – purchase viagra on line.

I remember a great Fram oil filter ad from a generation ago. – purchase viagra on line..It showed a mechanic replacing an engine in a new car, and he said the job wouldn’t have been necessary if the owner seen him for a little preventative maintenance now and again, and replaced the oil and oil filter every 4,000 miles – purchase viagra on line.

He holds up the Fram filter.”You can pay me now,” he says, and then nods at the big engine job, “or you can pay me later.”

That’s what we need to understand: The only thing worse than paying for this huge transition to a low-carbon economy would be not paying it. Purchase viagra on line: it won’t be easy, but it is affordable now.In a decade, it will bankrupt us.

That’s exactly what Lord Nicholas Stern, former Chief Economist at the World Bank wrote The Stern Review in 2006.He updated his findings in 2008 purchase viagra on line, suggesting that the situation is even more dire, that global warming is happening at brisk pace that was completely unexpected just two years ago.

That’s also the conclusion of a recent University of Maryland study that looks at the bottom line for a number of US states, including Illinois: If climate change continues at its current pace, the mitigation cost to Illinois in terms of flood abatement, water treatment, infrastructure repair, decreased crop yields, and other goods and services affected by global warming will amount to $43 billion annually.And that’s just one state!

“We have in the U.S.perceived the issue from one side — what it would cost us to do something about climate change,” says Professor Matthias Ruth, who coordinated the research at Maryland’s Center for Integrative Environmental Research; purchase viagra on line. Purchase viagra on line: the new study, he said, calculates the costs of inaction, and concludes that the bill should take the blinders off.

” Purchase viagra on line: it’s pretty clear that every sector of the economy will be affected either directly — agriculture, shipping, infrastructure — or indirectly because of goods and services that rely on them,” Ruth said.”Every sector of the economy, every state’s economy, will be affected.”

Illinois, for instance, can expect more summer heat spells, less winter snow cover and more evaporation of Great Lakes water; purchase viagra on line.The state would also see a greater number of destructive storms purchase viagra on line, increased flooding, heightened erosion, and droughts that increase the need for widespread irrigation.

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* Purchase viagra on line: professor Ruth calculated costs for a dozen states, including Georgia, Colorado, Kansas, and Michigan.You can download the summaries here.