Clean Energy Leaps Forward

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800px-Windenergy.jpg Think green energy isn’t going to happen? Well, despite financial market turmoil, more than $148 billion was sunk into the global sustainable energy sector last year. That’s up 60% from 2006.

According to the UNEP report, Global Trends in Sustainable Energy Investment 2008, climate change worries, growing support from world governments, rising oil prices and ongoing energy security concerns fueled another record-setting year of investment in renewable energy.

Wind attracted the most investment ($50.2 billion in 2007). Solar power grew most rapidly ($28.6 billion of new capital, at an average annual rate of 254% since 2004).

The first quarter of 2008 looked sluggish. But investments rebounded in the second quarter, even as global financial markets remained in turmoil. Venture capital and private equity for sustainable energy was up 34% above the second quarter of 2007.

“Just as thousands were drawn to California and the Klondike in the late 1800s, the green energy gold rush is attracting legions of modern day prospectors in all parts of the globe,” says Achim Steiner, UN Under-Secretary General.

There’s tons of gold waiting in the bottom of the oil barrel.

Julia Whitty is Mother Jones’ environmental correspondent, lecturer, and 2008 winner of the Kiriyama Prize and the John Burroughs Medal Award.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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