Coming soon: a green Bill Gates (but not THE Bill Gates)

[jpak]

http://www.timesonline.co.uk/article/0,,2095-2459557,00.html

INTERNET STOCKS are surging again. And biotechnology still has great promise. But I’m betting that the next Bill Gates, whoever he or she is, will be an environmental entrepreneur. Why? Because despite the recent focus on the potential costs to society of climate change, solving this challenge may also present the greatest economic opportunity of our time.

The British government report on the economics of climate change by the former World Bank chief economist Sir Nicholas Stern, for example, indicates that the market for low-carbon technologies could generate $500 billion (£265 billion) by 2050.

But that may be conservative. The energy and transport sectors alone now represent almost 15% of the $43,000 billion global economy. If low-carbon, energy-efficient technologies grow to just 10% of this over the next 45 years, that’s a $645 billion market.

And that does not include any environmentally beneficial innovations in manufacturing, consumer goods and services, or many other industries.

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[Mythsaje]

1. Nanotech...

Cleaning up our messes.