A Paris-based energy group, the IEA, has come up with a formula for estimating $45 Trillion on economically stimulating investments in cleaner energy, based on targets set by the G-8 recently, namely 50% reduction in GHG emissions by 2050.
$45 Trillion. They say that is 1.1% of World GDP ... For a cleaner energy mix, mostly, rather than efficiency gains.
However you view the "debate", radical change is coming, on way or the other:
Our current path is not sustainable
If governments around the world continue with policies in place to date – the underlying premise in the ETP Baseline scenario to 2050 – CO2 emissions will rise by 130% and oil demand will rise by 70%. This expansion in oil equals five times today’s production of Saudi Arabia.
If governments around the world continue with policies in place to date – the underlying premise in the ETP Baseline scenario to 2050 – CO2 emissions will rise by 130% and oil demand will rise by 70%. This expansion in oil equals five times today’s production of Saudi Arabia.
