Switching to Low-Carbon Economy Will Cost an Additional $10.5 Trillion

The current rate of investment to in clean energy must be increased by $10.5 trillion between now and 2030 if the world is to keep CO2 concentrations in the atmosphere below 450 ppm and stave of catastrophic climate change, according to research by the International Energy Agency (IEA; Paris) The figures are published this week in EIA’s report, World Energy Outlook 2009.   The additional cost of switching to a low-carbon economy highlighted by IEA, largely may be offset by economic, health and energy security benefits. Energy bills in transport...

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