27 Apr '12, 5pm

My new post: We're half-assing the clean-energy transition (according to the IEA)

My new post: We're half-assing the clean-energy transition (according to the IEA)

The International Energy Agency recently issued its annual progress report [PDF] on clean energy. Here’s the five-cent version: The transition to a low-carbon energy sector is affordable and represents tremendous business opportunities, but investor confidence remains low due to policy frameworks that do not provide certainty and address key barriers to technology deployment . Private sector financing will only reach the levels required if governments create and maintain supportive business environments for low-carbon energy technologies. [my emphasis] Progress is inadequate — relative to the goal of limiting global temperature rise to 2 degrees C — on virtually every low-carbon technology except onshore wind and solar (click for a larger version of this chart): What will it cost to turn this around and hit the 2 degrees C target? A good chunk in the short term and negativ...

Full article: http://grist.org/energy-policy/were-half-assing-the-clean...

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