was invested in that sector last quarter that's the highest level ever seen according to bloomberg new energy finance and energy efficiency which is really the low hanging fruit by using energy more effectively in our buildings and factories we can lower energy costs lower our dependence on fossil fuels lower pollution and put a lot of people to work cleaning up the way we consume energy today what more minor minor incident these new technologies are not efficient they're actually create generate very expensive energy how do you reply to that. well it's not true certainly energy efficiency is the lowest cost resource and we're seeing huge improvements in our productivity in the way we use energy that's a great investment on renewable energy you know there's a range. from wind energy which is very competitive with fossil fuels today solar energy photovoltaics is growing rapidly the costs are declining it's very cost effective in in some areas and the investments that are being made today in scaling up production will lower those costs and again when you compare it to the true costs of burning coal and

public citizens energy program in london we have angus mccrone he is the chief editor at bloomberg new energy finance and it lead to we go to gail faerber she's the editor of the oil drum and another member of our crosstalk team on the hunger all right folks cross talk rules in effect that means you can jump in anytime you want as we sit down folks to do this program brant is training at ninety seven dollars thirty seven cents and well gail if i go to you first here one hundred dollars seems to be this like magic number is i mean is it good for us in the media is a good reason for me to do a program on this because one hundred dollars is the benchmark everybody talks about the one hundred psychological benchmark is it really one. well i think that the world really cannot stand very high oil prices i think some studies have shown that even prices in the eighty five dollars range can cause problems recession and certainly if we're getting up to one hundred dollars there's a real issue of whether we're going to be seeing recession ok i mean if i can stay with you i mean recession for whom well i think w