I suspect that works out to a lot more than a nickle a litre:
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.
In anticipation of the expected criticisms of this, I took a few minutes to research the IEA. The IEA is an organization set up by the OECD to ensure energy security. Recently it’s also delved into climate change. It has run afoul of Greenpeace because of its call for Nuclear energy, but it did win some faint praise from the group who described the IEA’s climate plan as ‘radical’.
$45 trillion dollars is an enoromous amount of money. Is climate change really all that bad? Is it $45 trillion dollars worth of evil?
Related:
Global Warming is Good For You (the Guardian)
Global Warming: Good for Greenland? (National Geographic)
Global Warming: a Boon to Humans and Other Animals (Hoover Inst.)
Is Global Warming Always Bad? (Cato)
Global Warming ‘is good and is not our fault’ (Telegraph)
Global warming, to the fairly small extent that it might even be happening, is very good for Canada, and most of the rest of the world. Unfortunately it looks like things are getting colder, which is a bad thing for everyone.