'Distributed power' to save Earth

Economist Jeremy Rifkin galvanised the Research Connections 2009 conference in Prague with a roadmap to simultaneously solve the economic and energy crises.

He proposed a pan-European strategy of small-scale energy generation and smart energy grids that make everyone a partner in energy.

What is more, he said, the plan would create millions of jobs and foster investment that would see the end of the current economic crisis.

Mr Rifkin leads a roundtable of 100 top CEOs and government officials who have subscribed to the plan.

The roundtable is part of the Foundation on Economic Trends, which Mr Rifkin founded.

He said old economic models will not see humanity through, and the combination of the climatic, energy and economic woes of the planet created a “perfect storm” that will see in a new era for its inhabitants.

But such a revolution is not unique to human history, he said.

“The great economic revolutions in history occur when two things happen,” he explained.

“First, we humans change the way we organise the energy of the Earth; we’ve done this frequently over the course of our history.

“Second, and equally important, we change the way we communicate to organise new energy regimes. When energy revolutions converge with communication revolutions, those are the pivotal points in human history.”

BBC News