Press Release
PRESS RELEASE
For immediate release
Australia’s future growth is all around, but no one seems to see it.
A new book by leading Economist advises that Australia must invest outside the mining industry for sustained growth.
For many years, Ray Block, a leading Australian economist, has believed there is an urgent need to transform the economy with renewable energy. Although conscious of the environmental benefits of reduced carbon emissions, he has been preoccupied with the numerous, long term economic benefits to the Australian economy of renewable energy.
In writing his latest book “Renewable Energy Transformation 2011” updated to June 2011, Ray has reported that Australia is trailing far behind European Union, China and United States in the development of renewable energy technology. This could have dire consequences for Australia’s long term economic competitiveness within the global economy.
“Renewable energy Transformation 2011 was written as a wake-up call to Australians” explains Ray. “The book details how far we are behind Europe, China and United States in development of renewable energy. In 2010, China invested US$54 billion in clean energy technology, while United States invested $ 34 billion. Renewable energy in China and the USA are seen as priority investments, and the same degree of preoccupation should apply to Australia, rather than the token interest taken now”.
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Posted under Renewable Energies