LONDON (Reuters) - Mankind's response to climate change will shift how the world gets its energy and is already making "green barons" out of early investors in renewable energy, clean technologies and carbon trading.
Reuters spoke to four entrepreneurs who are cashing in on the energy revolution and who say there is more money to be"----- see link for story
A: "No. We have the biggest opportunity to replace fossil fuel, which has a market capitalization of hundreds of billions of pounds, but it's vital we listen to the scientific consensus and create a financial solution.
"I believe we have a chance to meet the stated mitigation targets much quicker than people think ... but it depends on whether people believe money can be made.""
A: "The scale of investment to date is nothing compared to what is coming.
"The bubble aspect is ill-informed investors chasing pipe-dream technology. For example, there are hundreds of firms competing for the next generation of technology in solar panels but it won't necessarily be the best technology that wins.""
from same article:Q: Is 'the business of green' a bubble?
A: "No. For political reasons the United States has been behind others on green issues, but once it catches up it will be a domino effect. In 20 years they won't talk about regular roofing because it just won't exist ... there is so much rooftop real estate that is completely under-utilized.
A: "No. It's become quite obvious we do something now or it will be an irreversible trend with catastrophic consequences.
"The only chance of it being a bubble is if we lack the political commitment to drive emission reductions worldwide -- and if we do that we might as well forget about any environmental effort whatsoever because climate change is hitting us hard and the trend is likely to accelerate. I think it's very unlikely political support will go away.""