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FORT LAUDERDALE, FLORIDA USA- At the World Green Energy Symposium, recently in Philadelphia, PA, Gulf Stream Turbines LLC presented a patented submersible hydrokinetic energy technology to be placed in the Gulf Stream Current, about 15 to 20 miles offshore Florida, between Miami and Palm Beach, with no harm to marine life. The capacity factors seem to be similar to natural gas and coal, about 85% to 95% but with no CO2 carbon dioxide emissions. Each 1.2 MW turbine would offset 10,000 tons of CO2 emissions when compared to a fossil fuel plant. These turbines also appear to be 3 to 10 times as energy efficient to wind or solar or battery technology. ” The capital costs for development and deployment will be that of 50 to 100 times smaller than investments required to create the same amount of electricity from either wind or solar.”, so says Pike Research, just published the 2nd Qtr. of 2009. Recently ” The New York Times” said the carbon credits market is worth US $30 billion and within the next decade could be worth US $1 trillion. If each GST can offset 10,000 tons and the company can develop and manufacture 10,000 turbines by 2012-2013 they could save 100,000,000 tons of CO2 emissions and according to the carbon futures market in Europe in January 2011, the cost is now trading about US $30. per ton that’s US $3 billion, without including the revenues of 8.94 gigawatts of electricity that would be produced, or the kicker of also producing Hydrogen, which Toyota, Honda, Daimler, GM and Hyundai Motors are sold on as the fuel of the future. The experience of fuel cells vs. batteries, is so much simpler, it’s just going to an existing gas station and filling up rather than plugging it in for up to 16 hours. And what about the distance factor being 2 to 1 and not all of us have a garage to plug it in. So I ask again, are the billions spent on the right renewable technologies, being spent on the right renewable technologies? Even “The United Nations (UN) estimates that the total “technically exploitable” potential for waterpower (including marine renewables) is 15 trillion kilowatt-hours, equal to half of the projected global electricity use in the year 2030. Of this vast resource potential, roughly 15 percent has been developed so far.”