Tilted
10-06-2009, 09:13 AM
Study Asks $10 Trillion for Climate - WSJ.com (http://online.wsj.com/article/SB125479738472566689.html?mod=WSJ_hpp_MIDDLTopStories)
LONDON -- An investment of $10 trillion in renewable energy and other carbon-abatement technology will be necessary over the next two decades to limit the rise in the Earth's temperature, the International Energy Agency warns in a new report.
The IEA, energy adviser to the world's richest nations, urges more-aggressive reductions in carbon emissions than what many nations are currently planning. In the report, to be released Tuesday, the IEA calls for investment -- in clean-energy initiatives such as solar power, new nuclear plants and other measures -- of $500 billion a year over the next 20 years.
That is 37% more investment than what the IEA estimated was necessary just a year ago. Some analysts put the current level of investment in clean energy at around $100 billion a year.
I'm just gonna send them a check for my $2,000 and be done with it. If their estimates go up in coming years - that's on them - consider it my 'pre-pay discount'.
LONDON -- An investment of $10 trillion in renewable energy and other carbon-abatement technology will be necessary over the next two decades to limit the rise in the Earth's temperature, the International Energy Agency warns in a new report.
The IEA, energy adviser to the world's richest nations, urges more-aggressive reductions in carbon emissions than what many nations are currently planning. In the report, to be released Tuesday, the IEA calls for investment -- in clean-energy initiatives such as solar power, new nuclear plants and other measures -- of $500 billion a year over the next 20 years.
That is 37% more investment than what the IEA estimated was necessary just a year ago. Some analysts put the current level of investment in clean energy at around $100 billion a year.
I'm just gonna send them a check for my $2,000 and be done with it. If their estimates go up in coming years - that's on them - consider it my 'pre-pay discount'.