The current governor of the Bank of England seems to believe that the best hope is to force the banks to recognise properly the losses they are likely to make on tens of billions of pounds of loans to over-extended borrowers, households and businesses, and then force the banks to rebuild their loss-absorbing capacity by raising new capital.

BBC: Can the Bank of England hit any target?

Electric vehicles may play a key role as well, as high capacity batteries could ultimately serve to provide regulating capacity, absorbing or supply power back to the grid to flatten out some of the intermittency associated with windpower.

FORBES: Denmark: 1,000 Megawatts Of Offshore Wind, And No Signs of Slowing Down