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$10 Trillion Needed to Fight Goracle's War
An investment of $10 trillion in renewable energy and other carbon-abatement technology will be necessary over the next two decades to limit the rise in the Earth's temperature, the International Energy Agency warns in a new report.The IEA, energy adviser to the world's richest nations, urges more-aggressive reductions in carbon emissions than what many nations are currently planning. In the report, to be released Tuesday, the IEA calls for investment - in clean-energy initiatives such as solar power, new nuclear plants and other measures - of $500 billion a year over the next 20 years. Think of all the jobs that could be saved! That is 37% more investment than what the IEA estimated was necessary just a year ago. Some analysts put the current level of investment in clean energy at around $100 billion a year. Chump change for The One Who Writes The Checks. Posted by: Bobby 2009-10-08 |
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