The global private sector and its investors already are shifting assets away from fossil fuels and into a broader array of energy strategies, with increasing emphasis on renewable power sources. In the aggregate, investments in green energy are yielding greater returns than those in new fossil-fuel projects. The green-energy industry is creating more, and better-paying, jobs than the high-carbon fuel industry.
Companies and nations that stubbornly adhere to antiquated energy technologies will lose wealth and jobs to those that lead the way to this new energy economy.