After highlighting the dramatic impact global warming will have on our plant, Mr. Schweiger addressed the need for a paradigm shift in the energy industry to combat the consequences of global warming. He addressed the need for increased spending to address the problem and stated: "We can either spend 1% of the global GDP on mitigating global warming or face a 5-20% decrease in GDP as a result of its effects."
A few of Mr. Schweiger's suggestions:
- a realistic price for carbon emissions
- an end to imported oil
- off-shore wind production
- more efficient cars
- increased innovation
- CO2 sequestration technologies
- development of 2nd generation feedstocks for ethanol
- smart electricity grids
Mr. Schweiger noted that other countries, specifically China, are surpassing America in their development and adoption of clean-technologies. He urged our country to match their pace.
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