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June 6, 2008
Defeating Global Warming: $45 Trillion
Hey buddy, can you spare a trillion to save the planet?The entire US Gross Domestic Product is only $13 trillion. Throw in the EU and Japan GDP's and you have roughly $30 trillion. I refuse to accept the fact that we are going to have to bankrupt the planet to solve the global waarming problem.
A report issued today by the International Energy Agency based in Paris says that in order to get serious about combatting global warming, it will cost the world $45 Trillion:
The world needs to invest $45 trillion in energy in coming decades, build some 1,400 nuclear power plants and vastly expand wind power in order to halve greenhouse gas emissions by 2050, according to an energy study released Friday.
The report by the Paris-based International Energy Agency envisions a "energy revolution" that would greatly reduce the world's dependence on fossil fuels while maintaining steady economic growth.
"Meeting this target of 50 percent cut in emissions represents a formidable challenge, and we would require immediate policy action and technological transition on an unprecedented scale," IEA Executive Director Nobuo Tanaka said.
A U.N.-network of scientists concluded last year that emissions have to be cut by at least half by 2050 to avoid an increase in world temperatures of between 3.6 and 4.2 degrees above pre-18th century levels.
Scientists say temperature increases beyond that could trigger devastating effects, such as widespread loss of species, famines and droughts, and swamping of heavily populated coastal areas by rising oceans.
But this is what many global warming advocates want. They wish an end to industrialized civilization, to the modern world in general. It is the one thing that unites many of the disparate groups who seek to end the war by any means necessary.