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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 rts008 on Saturday May 17 2014, @03:59PM
Are you daft, trolling, or just being willfully obtuse?
Costs go up over time for infrastructure, and always will under the current way of doing things.
I bought my first new car and my first house for a total of $30,000.00(USD) back when.
(Gasoline was $0.35(USD) per gallon around that time.)
According to your reasoning, I should still be able to do either just as cheaply nowadays.
Not a snowballs chance in hell, for that to happen this day and age.
Stupid git.