Every year in late November, it is the same thing: the very respected International Energy Agency publishes its World Energy Outlook. This year’s edition is interesting in more than one aspect.
Further to the election in the United States, a lot of people are fearing that this may be a death blow to global climate change mitigation efforts.
It seems Morocco has done a lot in its own energy transition. As RTCC reported the country should be held up as a ‘poster child’ for effective green policymaking according to the World Bank’s top climate official, Rachel Kyte. This occurs as the country has recently cut its fossil fuels subsidies because the government could afford … Read more
According to a report published in May by the International Energy Agency, the clean energy investments needed to limit temperatures from warming to 2 degrees Celsius: an additional $44 trillion ( 32 trillion euros ) by 2050.
This means spending an additional $1.2 trillion in cleantech ( like solar, wind, geothermal, bioenergy…. ) per year for the next 36 years is needed in order to limit climate risk. But this represent investments, not costs.
Indeed, these investments would result in over $115 trillion in fuel savings. This represent would a net savings of $71 trillion. (51 trillion euros).