Photo via MGX
Two of the key questions in negotiating a global climate treaty in Copenhagen right now is how much funding rich nations should be giving industrializing ones to help them develop and produce clean energy. Rich nations like the US and many in the EU got to industrialize powered by coal and oil, so if we want them to develop with cleaner power, then we should be willing to lend a hand, right? Of course, this gets cast as a dire hurdle by the media--the New York Times' headline warns Climate Deal Likely to Bear Big Price Tag. But this is the wrong way to think about it. In fact, some studies have suggested that investing in renewable energy in developing countries could lead to a $100 billion boom in the solar industry.
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