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Clean technology, while a huge opportunity, will not go to scale in time to prevent a global economic and social crisis.

Considering all the comments on my talk, The Earth is Full, I would sum up by saying that everyone pretty much agrees we face some serious ecological and resource limits. The debate is will these naturally be dealt with in the normal course of technological and market processes, or will they result in a serious global economic crisis. My view is strongly that a crisis is inevitable and that it will be an economic crisis - but that will then trigger a war level of mobilisation that will drive massive technological change. So relying on technology to prevent the crisis is wrong.

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  • Mar 25 2012: I suggest using the World Bank to create 100 trillion dollars in credit to divide equally among all nations for the express purpose of building carbon reduction infrastructure. This would work providing all nations agreed to a strict set of regulations which insured no nation would profit above any other nation. A formula including population and land mass could be worked out to determine how much credit each nation was qualified to spend.

    Given all nations like free money to improve their own economy and infrastructure, I can see no better or quick way to tackle carbon pollution than by increasing the world credit supply by a given amount... and given all nations agree to back the World Bank then all nations shall equally profit.

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