Why the Energy Crisis Will Oulast the Credit Crisis
By the year 2030, about 97% of the world's new carbon emissions will come from outside the United States and Europe, largely from China, India and the Middle East, who will consume about half the world's energy. Before global habits begin to change permanently, greenhouse gas output will keep rising, probably at least until 2020. By which time the financial crisis of 2008 might seem like ancient history.
International Energy Agency analysts predict that governments will need to spend about $4.1 trillion on alternative energy development over the next two decades.