Word: greenly
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...going to attack us, to have that war line the pockets of the companies that funded your campaign - this is the most egregious thing that has happened during my lifetime, and the perpetrators must be brought to justice. If we fail to do that, it will be the green light to a future Administration to do it all over again...
Environmentalists can't decide whether to celebrate the recession or dread it. Conventional wisdom holds that the green movement will be one of the first casualties of the downturn. "The clean-tech industry is at risk because of a real lack of access to capital," says Paul Maeder, who helps oversee clean-tech investments for Highland Capital, the global venture-capital firm he co-founded. But in his next breath, Maeder explains why the current economic mess may end up being a boon to environmentalism - by forcing change. "We're in a crisis because of oil prices and climate change...
...down about 80% since the beginning of September. (By contrast, the S&P Index lost about 25% of its value over the same time period.) The cost of oil, which has driven much of the investment in alternative energy in recent years, has halved since the summer. And new green industries, like wind farms and solar-panel factories, are no less affected by the credit crunch than any other business...
...poorer and more dependent on fossil fuels than their neighbors, called for the Continent to pull back from goals that include cutting energy consumption 20% while increasing the share of energy from renewables 20%. To some degree, Europe is simply coming to grips with the potential cost of its green dreams - up to $100 billion a year by 2020, according to a study by the think tank Open Europe. Still, says Italian Prime Minister Silvio Berlusconi: "We do not think that now is the time to be playing the role of Don Quixote...
Problem is, the essential issue addressed by clean-tech development has less to do with the economy than with climate change, dependence on foreign oil and energy waste - all long-term threats. If green tech will be to the 21st century what high tech was to the last, then this is no time to scale back. With investors rightly spooked, however, governments on both sides of the Atlantic need to show more leadership. "Seen in the right way, people can learn important lessons from [the crisis]," says Nicholas Stern, the British economist whose 2006 report laid out the financial merits...