10 Nov '11, 5pm

Stern Warning: 5 Years Left Before Irreversible Climate Change

"As each year passes without clear signals to drive investment in clean energy, the "lock-in" of high-carbon infrastructure is making it harder and more expensive to meet our energy security and climate goals," says Fatih Birol, IEA Chief Economist. If the world adopts an energy path that keeps global temperature rise no higher than 2°C, as has been agreed on at past Climate Change Summits, four-fifths of all energy-related CO2 emissions allowed to 2035 is already locked-in - in existing power stations, buildings and factories. That's bad enough, but the world is not currently on that energy path. Instead, IEA forecasts energy demand will grow by a third through 2035 - fossil fuel use will drop from 81% today to 75% in 2035, and renewables will rise from 13% today to 18% in 2035. For renewables to provide 18% of the world's energy, subsidies must rise from $64 billion in 2...

Full article: http://www.sustainablebusiness.com/index.cfm/go/news.disp...

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