According to a report issued by the international environmental group WWF, green technologies offer the hope in averting climate disaster but the ultimate deadline for committing to these technologies is 2014. The group has come up with the conclusion that should the world miss the said deadline, runaway global warming and economic meltdown are sure results.
WWF adds that ‘green technologies will have to grow by 22 per cent each year for the next four decades. Such growth would be the “fastest industrial revolution” witnessed in our history.’ Such an imperative move will result in a 63 percent decline in emissions of key greenhouse gases between 1990 and 2050. This crucial drop is ‘enough to prevent global warming exceeding the 2 °C limit agreed by the G8 industrial nations.’
This massive reindustrialization comes with a hefty cost: $17 trillion worldwide by 2050. Of this amount, $7 trillion will be dedicated to renewable energy technologies. The rest of the massive funds will go to harnessing energy efficiency, low-carbon agriculture, and sustainable forestry.
The report also reveals that ‘only three green energy technologies out of 20 assessed are growing fast enough: wind, solar photovoltaics and biodiesel.’
Via NewScientist
Posted by GSerrano on October 25, 2009 in Energy, Environment · 0 Comment
