Renewable Energy Benefits Environment, Economies

Renewable energy, if properly adopted, could create better-paying jobs, improve international trade balances, and promote industrial development around the world.

Jun 19, 2014 at 10:36AM

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Renewable energy, if properly adopted, could create better-paying jobs, improve international trade balances, and promote industrial development around the world.

That's according to a new report from the International Renewable Energy Agency (IRENA) called "econValue – The Socio-economic Benefits of Solar and Wind Energy." The report says fears of widespread job loss and other economic distress as a result of recent decisions by many governments to set caps on carbon emissions are unwarranted.

In fact, it says, a shift to renewables could actually benefit individual workers and economies as a whole.

The document examines the "macroeconomic variables" of how wind and solar energy affect not just the environment, but also the economy and society as a whole. These variables include how installing and maintaining renewable energy projects affect everything from jobs to gross domestic product.

The report, produced by the International Renewable Energy Agency (IRENA), shows political leaders how to exploit opportunities offered by renewable energy through investment in these technologies, as well as training new workers and researching improvements in the technologies.

"As many economies are still recovering from the global financial crisis, renewable energy offers an opportunity to grow economies, improve energy security, enhance energy access, and mitigate climate change," IRENA Director-General Adnan Z. Amin said in a statement.

"Policymakers around the world are exploring ways to stimulate social and economic growth through the renewable energy sector, and this report is an important step to support them on this path," he added.

The econValue report was issued before the White House's June 2 announcement of new regulations aimed at reducing U.S. carbon emissions by 30 percent below 2005 levels by 2030. One day later, China said it would begin to impose unspecified cuts in carbon emissions in 2016.

One frequent objection to the U.S. plan has been that it will kill jobs and weaken the economy, especially in states with robust coal industries. The econValue report concedes that mining jobs will be lost, but will be offset by clean-energy jobs.

Added benefits, it said, would be improved public health from less air pollution, lower costs for energy and less stress on the nation's electricity grid.

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4 in 5 Americans Are Ignoring Buffett's Warning

Don't be one of them.

Jun 12, 2015 at 5:01PM

Admitting fear is difficult.

So you can imagine how shocked I was to find out Warren Buffett recently told a select number of investors about the cutting-edge technology that's keeping him awake at night.

This past May, The Motley Fool sent 8 of its best stock analysts to Omaha, Nebraska to attend the Berkshire Hathaway annual shareholder meeting. CEO Warren Buffett and Vice Chairman Charlie Munger fielded questions for nearly 6 hours.
The catch was: Attendees weren't allowed to record any of it. No audio. No video. 

Our team of analysts wrote down every single word Buffett and Munger uttered. Over 16,000 words. But only two words stood out to me as I read the detailed transcript of the event: "Real threat."

That's how Buffett responded when asked about this emerging market that is already expected to be worth more than $2 trillion in the U.S. alone. Google has already put some of its best engineers behind the technology powering this trend. 

The amazing thing is, while Buffett may be nervous, the rest of us can invest in this new industry BEFORE the old money realizes what hit them.

KPMG advises we're "on the cusp of revolutionary change" coming much "sooner than you think."

Even one legendary MIT professor had to recant his position that the technology was "beyond the capability of computer science." (He recently confessed to The Wall Street Journal that he's now a believer and amazed "how quickly this technology caught on.")

Yet according to one J.D. Power and Associates survey, only 1 in 5 Americans are even interested in this technology, much less ready to invest in it. Needless to say, you haven't missed your window of opportunity. 

Think about how many amazing technologies you've watched soar to new heights while you kick yourself thinking, "I knew about that technology before everyone was talking about it, but I just sat on my hands." 

Don't let that happen again. This time, it should be your family telling you, "I can't believe you knew about and invested in that technology so early on."

That's why I hope you take just a few minutes to access the exclusive research our team of analysts has put together on this industry and the one stock positioned to capitalize on this major shift.

Click here to learn about this incredible technology before Buffett stops being scared and starts buying!

David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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