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"As each year passes without clear signals to drive investment in clean energy, the "lock-in" of high-carbon infrastructure is making it harder and more expensive to meet our energy security and climate goals," said Fatih Birol, IEA Chief Economist. The WEO presents a 450 Scenario, which traces an energy path consistent with meeting the globally agreed goal of limiting the temperature rise to 2 °C. Four-fifths of the total energy-related CO2 emissions permitted to 2035 in the 450 Scenario are already locked-in by existing capital stock, including power stations, buildings and factories.
''The door to 2C is closing,'' the IEA warned on Wednesday, in its World Energy Outlook 2011. ''If stringent new action is not forthcoming by 2017, the energy-related infrastructure then in place will generate all the CO2 emissions allowed in the 450 Scenario up to 2035, leaving no room for additional power plants, factories and other infrastructure unless they are zero-carbon, which would be extremely costly.''
Frightening, coming from the conservative advisory body relied on by the fossil fuel industry, whose data on emissions and energy is regarded as the ''gold standard'', as The Guardian reported this week under the headline: ''World headed for irreversible climate change in five years, IEA warns.''
The IEA (International Energy Agency) says that unless we make far reaching changes to energy supplies within the next 5 years Global Warming will spiral out of control. In particular we have to stop the next proliferation of coal fired power stations that are planned for India China and anywhere else.
http://www.worldenergyoutlook.org/docs/weo2011/executive_summary.pdf
The Age offered an overview of the IEA report.
Read more: http://www.theage.com.au/business/t...an-we-think-20111111-1nbhp.html#ixzz1dXnpeTnb
Maybe this is the real investment direction we need to make in the next 20 years.
Yawn yawn yawn. Self fulfilling agencies and government departments = money divested into crap to line their mates pockets.
Explain the Ice Age when man was probably lighting camp fires only? Carbon out of control then?
Cut me a break - Global Warming is a crock that lets the Lefty "Socialists' secretly make bank because they are closet capitalists.
You allways yawn Champ, but did you ever read the "Sixth Extinction" as I suggested a number of times over the last year or two.
Till you have informed yourself you cannot discount the reality of what may be happening today.
Let me get my head around this, Australia gives $ foreign aid to China, Chinese carbon pollution is expected to increase by 70% by 2020 and we pay a tax on carbon.
Is it just me or is something not right with this whole scenario ?
Let me get my head around this, Australia gives $ foreign aid to China, Chinese carbon pollution is expected to increase by 70% by 2020 and we pay a tax on carbon.
Is it just me or is something not right with this whole scenario ?
Let me get my head around this, Australia gives $ foreign aid to China, Chinese carbon pollution is expected to increase by 70% by 2020 and we pay a tax on carbon.
Is it just me or is something not right with this whole scenario ?
Prior to the passage of the carbon tax, the amount of renewable (or as the government likes to describe it 'clean') energy that would be generated by our nation by 2020 was 50 terawatt hours, according to a report for the government by SKM MMA.
Yesterday, the Senate passed over 1000 pages worth of law, titled the Clean Energy bills. On the passage of these clean energy bills, the amount of clean energy generated in Australia by 2020 will be 50 terawatt hours.
That's right it is exactly the same amount. The clean energy bills will encourage exactly zero additional supply of electricity generation from clean energy sources.
Chicken Little comes to mind.....
Danny, I agree.
I cannot see how money changing hands can possibly have the slightest effect on co2 in the atmosphere regardless of whether it really is an issue or not.
The U.S. Department of Energy has just published its estimates of global carbon dioxide emissions for the year 2010, concluding emissions rose by 6% from 2009 to 2010. This constitutes the largest rise yet recorded and means global emissions are rising faster than any of the scenarios advanced by the United Nations Intergovernmental Panel on Climate Change (IPCC) in its 2007 report. Global warming activists are claiming the 2010 rise proves global warming is even worse than previously feared, but exactly the opposite is the case.
Fully agree with you; the IEA is a fossil fuel ally if any and definitively not a green, left wing etc ec (whatever the usual rant can be added here)but when people are in denial, nothing will change their mind;I started the discussion with the IEA energy report. The IEA is considered an independent world authority on energy resources. It is certainly no Government think tank. If anything it is aligned to the fossil fuel industry...
Big call.
We can't get China, the major poluter, to say hello to the dalai lama or revalue their currency.
Maybe you think us bashing ourselves with a carbon tax will somehow encourage them to change their energy policy.
Best of luck with that.
Don't frett, I believe you will have more immediate problems than global warming, in the forseable future.
Imported foreign labour coming to a workplace near you is my call, Asia pacific trading union not unlike the EU.
Fully agree with you; the IEA is a fossil fuel ally if any and definitively not a green, left wing etc ec (whatever the usual rant can be added here)but when people are in denial, nothing will change their mind;
I am afraid it is indeed too late, people will bury their head in the sand till the end.People are still smoking and smokers with lung cancer do still deny any link with their own addiction.The real question is : is mankind worth saving?
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