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Renewable Energy Future Could Save the World Billions a Year
Investing in renewable electricity worldwide instead of burning fossil fuels could save US$180 billion annually and cut emissions of the greenhouse gas carbon dioxide in half by 2030, according to a joint report by Greenpeace and the European Renewable Energy Council, released today. In the first global analysis of its kind, the report argues for a shift in global investments towards renewable energy - solar, wind, hydro, geothermal and bioenergy - within the next 23 years, and away from "dangerous" coal and nuclear power.
"As Live Earth mobilizes billions of people to take urgent action against the climate threat, our report shows not only that the world’s electricity needs can be met by renewable energy, but that by doing so, we will literally save trillions of dollars; a massive US$180 billion a year, forever," said Sven Teske of Greenpeace International.
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