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There are plenty of other threads here to take on the CO2/AGW discussion. Count me as a skeptic. As for green energy, it's the wave of the future . . . and always will be. It's a complete bust and the USA will profit by staying out of it. (India is not a continent, btw.) Don't know much about South America, but I've lived a substantial part of my life in Africa. Green energy? Never.:lamo:lamo:mrgreen:
True, India is not a continent... my bad. But you get the idea.
And Africa was one of the fastest growing markets for cellphones in the early 2000s. And what makes you think they won't go for green energy?
Across africa, around 60-70 bil euros are being spent for the implementing of green energy production methods. that figure will continue to grow.
The world bank predicts that by 2030, there will be about 200mil homes in Africa powered by green energy. That's hundred of billions of dollars in that market right there.
You know who knows that that's the case?
China. That's why they're offering no-strings-attached credit to many african nations... to get friendly with them, mine their resources, make solar panels and sell them back to them (well, among other things).
And you know who else gets it?
Google. Google Makes First Renewable Energy Investment In Africa | CleanTechnica
And obama has managed to get the green energy production in america well on it's way too. That's maybe the sole good policy he had since he was in office. Now it would be nice if the US govt would invest more in R&D for solar power and other green energy to make sure that american companies will have a competitive edge on the global market and won't lose to chinesse companies.