André Sautou

Will Economic Slowdown Hurt Greentech Investments?

I am sorry about that and I understand the disarray of clean energy developers. But I am not surprised by such news, as I had anticipated such outcome. I believe that fast growth can only feed itself with energy produced at low cost, sold at low price while keeping able to satisfy a growing demand. This is what happened all along the period 1945-2003, the most extraordinary period of all human history.
But I am afraid this period has now come to an end, as I have tried to explain in the Letter to the Editor entitled a href="euractiv.blogactiv.eu/.../" target=" blank">Energy, growth and money-lending capability posted by EurActiv.
With the cost of producing energy getting ever higher, the money-lending and investment capabilities will become ever lower, until finally our world has reached its growth’s ultimate limits. This is just physics, and no politician, no economist, no financier can change the laws of physics.