19 Jan '12, 6pm

Tradeoff Between Environment and Economy is "Nonsense" Says GE Executive

Recently the Confederation of British Industry raised eyebrows when it spoke out for environmental regulation . Now Renewable Energy World reports that Mark Vachon, Vice President of GE's Ecomagination program, has told a conference of global investors that the tradeoff between environment and economy, so often used as a talking point by politicians, is "nonsense" : “There’s this theory that you have to pick one: economics or environmental performance. That’s nonsense. Innovation is the way you can have both,” said Vachon. GE started the Ecomagination program in 2005 and has since invested more than $5 billion renewable energy, efficiency and smart grid technologies. The company saw such a powerful business case for clean technologies, it plans to double investments in the sector to $10 billion by 2015. According to Vachon, the $85 billion in revenue from cleantech has dou...

Full article: http://www.treehugger.com/corporate-responsibility/tradeo...

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