Mark says "My first take on the report in today’s CNNmoney.com column is that it offers encouraging news—not the least of which is that roughly 40% of the carbon reductions needed to cut GHG back by 35 to 50% will pay for themselves, over time. This is a complicated way of saying that there is an enormous amount of energy waste in the U.S. economy.... In any case, if the economy can find a way to realize big savings from efficiency, it should be able to absorb the higher costs, at least in the near term, of renewable energy, clean coal and nuclear power, which are among the other options analyzed in the report."

The report was sponsored by five companies including DTE (nuclear ambitions?), National Grid, Shell -- and by two environmental groups, Environmental Defense and the Natural Resources Defense Council.

The report http://www.mckinsey.com/clientservice/ccsi/greenhousegas.asp

Take care,  frank