| Sourced From |
Despite global recession, and for the tenth straight year, CO2 emissions keep rising. Reuters reports that German renewable energy institute global CO2 emissions rose 1.94% in 2008, up to 31.5 billion tonnes. But they have a solution: Stop trying to curb industrial activity and instead tie renewable energy investment to CO2 emissions:
IWR said that “Kyoto is not working out” — rather than falling, emissions have climbed some 40% based on 1990 levels — but that trying to persuade countries to slow industrial activity will only result in bickering and hostility. Instead investment in renewable energy needs to be tied to the amount of emissions a country is producing — nations with higher CO2 emissions having to make greater investments in renewable energy.
IWR recommended that the $170.3 billion invested in renewable energy in 2008 will have to be increased to about $710 billion per year to prevent catastrophic climate change.
by Matthew McDermott,
Related posts:
- TABLE-Global CO2 emissions in 2008-IWR Institute
- Global Recession Cuts CO2 Emissions By 2.8% IN 2008
- 2008 U.S. Fossil Fuel CO2 Emissions See Biggest Drop in Nearly 30 Years
- Silver lining in economic downturn as industrial inactivity results in less CO2
- Nokia Siemens Networks cuts real estate CO2 emissions by 13% in 2008