Sun, Apr 06, 2014 - Page 6 News List

UN to review options on climate change


Most scenarios that meet the 2oC target will entail a “tripling to nearly a quadrupling” in the share of energy from renewable and nuclear sources or fossil-fuel plants whose carbon gas is captured and stored.

This would require investment in conventional fossil fuels to fall by US$30 billion annually by 2029 — and in low-carbon power supply to rise by US$147 billion per year.

“Climate change is already clearly happening and is likely to become much more severe in future without strong mitigation actions to keep temperatures below 2oC,” Saleemul Huq of the International Institute for Environment and Development said ahead of the meeting. “The costs of inaction will be many more times the cost of action.”

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