‘Clean’ power plants and nuclear stations need to triple their energy output to avoid a global warming doomsday. More than $17 trillion in investment in the next 21 years is needed to meet electricity demand alone, UN research has found.
Governments worldwide need to speed up renewable and nuclear energy developments to replace carbon emissions and cut down on greenhouse gasses, United Nations researchers said at the Intergovernmental Panel on Climate Change in Berlin on Sunday.
Fresh investment into renewables, nuclear, and carbon energy capture and storage must rise by $147 billion, and an increase of $336 is needed on making buildings and transportation more energy efficient, the researchers said.
Polluting fossil fuel plants such as coal-fired stations need to be wound down, and spending should fall by $30 billion to make sure that global warming is limited to a 2 degrees Celsius increase by 2030. Another top priority is to slash greenhouse gases by anywhere from 40 percent to 70 percent by 2050.
“This report brings out the need for an unprecedented level of international cooperation,” Rajendra Pachauri, chairman of the IPCC, told reporters in Berlin.
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