26 Nov '11, 5am

"If governments take the ‘wait and see until renewables become cheap’ position that the Singapore and Philippine...

Browse > Home / News / Delaying renewable energy will make it costlier eventually [News] Delaying renewable energy will make it costlier eventually [News] November 26, 2011 by Eugene Tay Filed under News Leave a Comment By Dennis Posadas, The Business Times, 26 Nov 2011. Recently, the International Energy Agency (IEA) released its 134-page report on the state of energy in the world. In the World Energy Outlook 2011 report, it said the growth of renewable energy is underpinned by subsidies that will rise from US$64 billion in 2010 to an estimated US$250 billion in 2035 – a lifeline that cannot be taken for granted in this time of fiscal austerity. According to IEA chief economist Fatih Birol, ‘delaying action is a false economy. For every US$1 of investment in cleaner technology that is avoided in the power sector before 2020, an additional US$4.30 would need to be spent af...

Full article: http://www.greenbusinesstimes.com/2011/11/26/delaying-ren...

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