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Will "going green" create the next economic boom?

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The Stern Review estimates that by 2050, demand for low-carbon technology could be worth $500 billion annually. The UN also estimates that demand for projects that generate Greenhouse Gas Emission credits could get as high as $100 billion annually by 2030.

Demand for green technology is already skyrocketing, with climate change and the increased price of oil. The city of Los Angeles has a booming "green" job market. Japan sells quite a bit of green technology to China, generating substantial wealth and creating jobs by doing so. Do you think this will be the source of the next boom, not just for the US economy but globally?