"We're not going to be able to live without nuclear and coal with carbon capture if you are looking for an economically optimum future," says Revis James, who models future power needs for the Electric Power Research Institute.
Economically its future looks bright.
Apollo's mission involves investing in technology to create an economy that runs on clean and sustainable energy, creates millions of jobs and demonstrates that a "just, environmentally balanced and economically prosperous future is attainable".
While this technique of ground strengthening by grout solidification requires highly skilled specialists, it is an instructive example of how a new technology is likely to make economically possible future projects previously considered beyond engineering ability.
In a speech today, Mr Osborne will say Britain must not "lose its nerve" on spending cuts in order to secure an economically stable future, insisting that the nation's security is in danger as long as debt is high.
"We can't contribute to a socially, environmentally and economically sound future if we are not successful in executing the basics of our business -- providing desirable, high-quality, affordable products to our customers and doing so profitably," Mr. Ford said in his letter, adding, "the first line of corporate citizenship is being a responsible employer to the 350,000 people who work at Ford".
"The money that we have raised will restore the pier but beyond that it needs to have an economically viable future and that's what we hope we will create".
This paper investigates whether coal-fired Integrated Gasification Combined-Cycle (IGCC) power plants can be an economically viable future technology for providing less carbon-intensive electricity and heat energy in Germany than today.
