Sustainable energy budgets must increase, says report on Environmental Expert
Global investments in sustainable energy must increase by US$500 million a year to limit global warming to two degrees Celsius above pre-industrial levels, according to a report launched in Rio this week. The report, 'Global Energy Assessment – Towards a Sustainable Future', was formally launched on 19 June on the sidelines of the UN Conference on Sustainable Development (Rio+20). Published by the International Institute for Applied Systems Analysis (IIASA) in Austria, it is the culmination of six years of research by 500 contributors, a third of whom come from developing countries, and has been heralded as the most comprehensive assessment of the global energy system to date. The report is intended to provide policymakers, academics and the private sector with strategic advice on delivering of sustainable energy services. The report covers four major themes: major global challenges and their energy linkages; technologies and resources available for providing adequate, modern and affordable energy; energy systems best suited to addressing future challenges; and the policies, measures, institutions and capacity required to realise a sustainable energy future.
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22 Jun 2012 17:20
LONDON, June 22 (Reuters Point Carbon) – Without market intervention European carbon prices will ave…