The foundation is being laid for the emergence of both wind and solar cells as cornerstones of the new energy economy. World wind generating capacity grew from 7,600 megawatts in 1997 to 9,600 in 1998, an expansion of 26 percent. At a national level, Germany led the way, adding 790 megawatts of capacity, followed by Spain with 380 megawatts, and the United States with 226 megawatts. In the past, U.S. wind generating capacity was concentrated in California, but in 1998, wind farms began generating electricity in Minnesota, Oregon, and Wyoming, broadening the new industry's geographical base.

Among the environmental trends undermining our future are shrinking forests, expanding deserts, falling water tables, collapsing fisheries, disappearing species, and rising temperatures. The temperature increases bring crop-withering heat waves, more-destructive storms, more-intense droughts, more forest fires, and, of course, ice melting. We are crossing natural thresholds that we cannot see and violating deadlines that we do not recognize.

Socialism failed because it couldn't tell the economic truth. Capitalism may fail because it couldn't tell the ecological truth.

Yet, most of the readily accessible reserves of oil formed over hundreds of millions of years will be consumed within a single generation, spanning the years from 1960 to 1995.

It takes 1,000 tons of water to produce 1 ton of grain. As water becomes scarce and countries are forced to divert irrigation water to cities and industry, they will import more grain. As they do so, water scarcity will be transmitted across national borders via the grain trade. Aquifer depletion is a largely invisible threat, but that does not make it any less real.

A sustainable economy represents nothing less than a higher social order one as concerned with future generations as with our own, and more focused on the health of the planet and the poor than on material acquisitions and military might. While it is a fundamentally new endeavor, with many uncertainties, it is far less risky than continuing with business as usual.

The transition from coal, oil, and gas to wind, solar, and geothermal energy is well under way. In the old economy, energy was produced by burning something - oil, coal, or natural gas - leading to the carbon emissions that have come to define our economy. The new energy economy harnesses the energy in wind, the energy coming from the sun, and heat from within the earth itself.