One of the conclusions of the climate change conference in Copenhagen is that the time to act is more urgent than ever. “Inaction is inexcusable.” Sir Nicolas Stern clearly described that we CAN afford a low carbon economy. But the costs of action will increase with every year of inaction.

Action is rather attractive, Lord Stern commented, as it is a great opportunity to improve our economy towards a low-carbon economy by adding new jobs, and at the same time laying the foundations for a new era of a sustainable future.

So what should we invest the money in? Well, we all know that. We need to heavily invest in renewable technologies that already exist. (more…)