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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 khallow on Friday May 16 2014, @08:12AM

    by khallow (3766) Subscriber Badge on Friday May 16 2014, @08:12AM (#44131) Journal

    The costs of renewable energy will drop faster when usage is higher, so waiting provides no benefit there.

    There are other, bigger priorities for humanity than slightly cheaper renewable energy. I see no reason not to wait, just on that basis.

    Basically the cover-your-eyes-and-hope-it-goes-away approach is continuing to not work.

    This is a false dilemma. Wait and see is not "cover-your-eyes-and-hope-it-goes-away". You really do need to show that doing something actually is better than the powerful economic advantages of doing nothing.

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