Trillions of dollars needed to cut climate change

edie.net (Nov 10 2009) Emissions

1. World leaders will need to invest more than $10 trillion to halt climate change by 2030, according to the International Energy Agency (IEA). The World Energy Outlook 2009, the annual flagship publication from the IEA, was presented by Nobuo Tanaka, executive director of the agency in London this week. Mr Tanaka believes this huge investment will be more than offset through savings in transport, buildings and health care. While pointing out energy use has fallen in the past 12 months, as a result of the economic downturn, Mr Tanaka fears it will 'soon resume its upward trend if government policies don't change'. (Read Full Article)

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