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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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$44 Trillion Needed for Clean Energy Future
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... I want to perform cranial activities with Tuesday Weld!!
(Score: 2) by khallow on Friday May 16 2014, @08:50AM
Now, I know there's a lot of gab about the short-sightness of the business world. But if this huge payoff really does exist, then it'll be worth someone's while to do it. Maybe not today (the alleged return is currently 2.5% per year (after inflation, I assume) which is a little weak for the business world), but well before 2050.