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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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We are now enjoying total mutual interaction in an imaginary hot tub ...
(Score: 2) by Open4D on Friday May 16 2014, @09:54AM
But "averting catastrophe is eminently affordable [theguardian.com]".
That refers to the IPCC's Fifth Assessment Report (i.e. the stuff they're publishing this year), specifically the Working Group 3 [www.ipcc.ch] publication (which has a Summary For Policymakers here [mitigation2014.org]).
If there's even a small chance that they are right about that, and not your prediction of the "United States [in] third-world-level abject poverty", I think we should start by spending the amount of money they are suggesting.
If we spend that much, and then they say, "ah ... yeah ... about that ... it turns out we actually need to spend a lot more ... which will mean third-world-level abject poverty", then we can start to question whether we are really willing to undergo that hardship for the sake of our grandchildren.