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$44 Trillion Needed for Clean Energy Future

posted by Woods on Thursday May 15 2014, @08:38PM   Printer-friendly
from the everyone-check-your-mattress dept.

AnonTechie writes:

The global cost of securing a clean energy future is rising by the year, the International Energy Agency (IEA) warned Monday, estimating that an additional $44 trillion of investment was needed to meet 2050 carbon reduction targets. Releasing its biennial "Energy Technology Perspectives" report in Seoul, the agency said electricity would increasingly power the world's economies in the decades to come, rivalling oil as the dominant energy carrier. Surging electricity demand posed serious challenges, said IEA executive director Maria van der Hoeven.
"We must get it right, but we're on the wrong path at the moment," Van der Hoeven told reporters in the South Korean capital.

 
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  • (Score: 2) by The Mighty Buzzard on Friday May 16 2014, @02:46AM

    by The Mighty Buzzard (18) Subscriber Badge <themightybuzzard@proton.me> on Friday May 16 2014, @02:46AM (#44073) Homepage Journal

    Have we? Seems to me like we're just now starting to try it and it's the market doing pretty much all of the moving and creating. Government aid? Yeah, plenty of companies took government aid for greening up energy and they appear to mostly be bankrupt or at best no closer than they were before they took the money.

    Just saying, you want forward momentum look at what has and is working and look at what has failed dismally and make an intelligent decision instead of an ideological one.

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  • (Score: 2) by Tork on Friday May 16 2014, @03:08AM

    by Tork (3914) on Friday May 16 2014, @03:08AM (#44084)
    "Have we? "

    Yes and it goes back a lot further than Solyndra. I'll give you a hint: We didn't just magically appear on this planet 2 years ago in the state it's in.
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