Clinton to Start $1 Billion Renewable Energy Fund

antifoidulus writes "ABC news is reporting that former President Bill Clinton has announced the creation of a $1 Billion investment fund devoted to renewable energy. This will be an investment fund as opposed to charity, and Clinton has said that 'The Green Fund would focus on reducing dependence on fossil fuels, creating jobs, lessening pollution and helping to reduce global warming, all while making a profit.' Former World Bank President James D. Wolfensohn will be managing the fund."

Re:Why?

[hdw]

How typical of a socialist to start pumping money into airy fairy 'long term solutions' instead of letting market forces sort it out.

This is actually a good way forward, but only if the cost distribution is handled correctly.

For instance that the cost of using fossile fuels also bear the cost of an equal amount of CO2 reduction.
So that each link in the production, consumption and disposal link carries it's own costs to bring the enviromental impact to neutral.

That's a working market model.

// hdw

Creating Jobs

[iPodUser]

His plan to reduce dependence on fossil fuels and create jobs is this: Generate electicity by hiring a bunch of overweight people to sit on exercise bikes hooked to generators all day. America is overweight in general, so he will also take care of the obesity problem, while generating clean power and reducing unemployment!