The UK is shifting to offshore wind as its base load power.  That means mass production will get a big boost.

http://thefraserdomain.typepad.com/energy/2007/12/noted-in-pass-2.html?cid=93472172#comment-93472172

Now put all that offshore wind onto floating platforms.

Transfering technology to China.  It is already happening at a breakneck pace. 

http://www.worldchanging.com/archives/007686.html

 China is already catching up on wind, manufacturing at lower cost of course. I think China "transfers" technology all the time, helped out by companies operating factories there.

Forget clean coal, that is nothing but a fantasy hyped by the coal industry. The real way to clean up coal is to turn it into natural gas underground using anaroebic bacteria. Forget coal mining and leave the toxic coal mess underground where it is now.

Extract the natural gas and use it in solid oxide fuel cell/turbine distributed power plants. These operate at twice the efficiency of conventional coal power, cutting GHG in half. These smaller units also allow for the cogenerated waste heat to be used for heating hot water or buildings.

And they also operate on biogas from the waste stream, by tapping the waste stream manure and landfill run off is prevented from releasing methane (23 times worse GHG than cO2) into the atmosphere from biomass acting as a carbon sink in wetlands.

The huge consumer market here in the US fed by corps like Walmart is funding rapid dirty coal power plant expansion in China. A market for renewable energy devices and smart grid equipment here, as well as plugin vehicles and geo heat exchange heating/cooling systems will impell chinese companies to manufacture all of them.

And since they yield lower energy costs, along with GHG remediation, mass production cost efficiency and competition will dictate their use in the chinese energy economy. They will rush to beat the world in low cost production, as they have with most other consumer products in demand around the globe.

How much will this energy revolution cost the US and world economy? It won't.  It  will make economic opportunity expand.

On the contrary, it will take high energy costs, actually acting as a huge tax payed to multinational energy corporations, off the world economy. And as all good economists know, taxes kill growth. Cutting taxes impells growth.

Multinational energy corporations now direct the power that goes along with these huge "taxes" towards oil wars over their favorite commodity and buying out governments like the US government to further their own monopoly interests. Then their military industrial cohorts drain 60% of the national budget for "defense".

Defense of foreign oil fields from the people of nations like Iran and Iraq that actually rightfully own these resources and ought to benefit from their exploitation. Their "royal" corporate partners like the saudi ruling class then keep the knife of tyranny at the throat of their own population to continue to steal the oil.

Encouraging terrorism along the way. All the 9/11 terrorists and most of the foreign fighters in Iraq are from Saudi Arabia.

GHG climate disaster is already collecting a huge new "tax" as well. Take the widespread ice storms across the US lately, the resulting power outage curtails business and puts a huge dent in growth. Now multiply that effect by all the effects of climate change related hurricane, drought, fire, flood, and on and on.

This well worn talking point by the corporate right, that green energy revolution will be a huge cost to the economy is nonsense. it will be a huge power shift away from the war mongering, politically corrupting, climate destroying status quo. that will hurt the interests of big energy monopoly, but it will help create good jobs and growth that will benefit we the people of spaceship Earth.