Thursday, 15 November 2012

The Economist: "The economics of global climate leadership"

Link to The Economist

"THE International Energy Agency has released its latest World Energy Outlook. The most sobering piece of information in it is a recurring highlight: the estimated time at which the world is 'locked in' to a rise in global temperatures of at least 2 degrees Celsius. 

"By 2017, existing energy infrastructure will be sufficient to generate such a scenario; for the world to halt warming at that 2-degree level, it would need to ensure that all additional energy infrastructure was zero carbon or begin retiring existing infrastructure before the end of its useful economic life. 

"Both strategies are difficult to contemplate, and 2017 is not very far away at all."

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