Clean Energy Could Save Over $100 Trillion by 2050 – IEA Report

The International Energy Agency continues its string of blunt reports laying bare the reality of our climate and energy system, reports Joe Romm at Climate Progress. Their new report, Energy Technology Perspectives 2012, says that new natural gas investments can play at best a limited, very temporary role “if climate objectives are to be met.”  That is, the natural gas bridge to clean renewable energy must be a very short one. Currently, we’re in for an 11 degree Fahrenheit rise in global temperature – think Miami Beach in Boston by 2100, said an executive at the agency. The only viable response to the threat of catastrophic climate change is rapid deployment of existing carbon-free technology. Preventing more than a 4 degree Fahrenheit rise in global temperature, considered by many necessary to prevent catastrophic damage, means investing globally about $36 trillion by 2050  – about $130 extra per US citizen annually – but would reap over $100 trillion in fuel savings alone by then.  The report’s message? Don’t delay, invest in energy efficiency and clean energy as soon as possible, and put a price on carbon emissions.

IEA Report: Existing Cleantech Is The Answer To The Climate Problem And It Could Save $100 Trillion By 2050, Joe Romm, Climate Progress http://www.iea.org/newsroomandevents/news/2012/july/name,28957,en.html Global warming may lead to ‘Miami Beach in Boston’ situation unless urgent action is taken

Advertisements

About melharte

Mel (Mary Ellen) Harte is a biologist (PhD) and climate change educator. She co-authored the free online book, COOL THE EARTH, SAVE THE ECONOMY, available at www.CoolTheEarth.US, and writes the CLIMATE CHANGE THIS WEEK column at the HuffingtonPost. Living summers in the alpine Rockies, she is on the frontlines of watching what climate change can do. Her diagnostic digital photographs of wildflowers have appeared in numerous publications.
This entry was posted in Uncategorized and tagged , , , , , , , . Bookmark the permalink.

One Response to Clean Energy Could Save Over $100 Trillion by 2050 – IEA Report

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s