Word: lubber
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Dates: during 2010-2019
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...good start at Copenhagen, but we're still without a very clear goal, without clear carbon caps, without a price on carbon," says Mindy Lubber, president of Ceres, a national network of major institutional investors and public-interest groups. "The private sector is ready to rock and roll." (See pictures of the effects of global warming...
...better be. The International Energy Agency estimates that more than $10 trillion in investment will be needed over the next 20 years to support a global transition to a lower-carbon economy. We're nowhere near that - Lubber says that $140 billion was invested globally in renewable and low-carbon technologies last year, a number that she estimates will rise to $190 billion this year. "Those are significant numbers, but it's not enough," she says...
...with a law that would include wider support for clean energy but without the price on carbon. That, however, might not be enough to kick-start scaled-up clean-energy investments. "Without a cap, you don't put a limit on the stuff that is doing us in," says Lubber. "This is only going to ramp up when there's a cap on carbon...