The USA wont be worlds new Saudi Arabia after all. Too bad, so sad. The focus of the new report released by the IEA today is on how much investment in the energy sector is going to be needed in the next 20 years (World Energy Investment Outlook). The numbers are sobering. They estimate that $48 trillion dollars needs to be invested to meet energy needs…but really it needs to be closer to $53 trillion if we want to address climate change. They don’t even bother talking about a 350 parts per million target, but rather 450 parts per million to limit global warming to 2 degrees C. resilience.org/stories/2014-06-04/new-energy-report-from-i-e-a-forecasts-decline-in-north-american-oil-supply
Posted on: Wed, 04 Jun 2014 13:04:03 +0000
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