Posted on 11/28/2008 11:55:10 AM PST by NormsRevenge
(AFP) – Hundreds of billions more dollars are likely to be needed to reduce greenhouse-gas emissions by a 2030 target, according to UN estimates published on Friday ahead of global talks on climate change.
The report, to be presented at the December 1-12 conference in Poznan, Poland updates 2007 estimates that said investment to mitigate carbon emissions had to be ramped up in the coming years, reaching between 200-210 billion dollars annually in 2030.
The goal, in this benchmark scenario, is to reduce levels of global-warming pollution to 25 percent below 2000 levels in 2030.
In the new report, the UN Framework Convention on Climate Change (UNFCCC) said the emissions goal was virtually unchanged.
But it said the estimates of financial needs for mitigation had been revised sharply upwards -- by "about 170 percent."
It cited "higher projected capital costs," especially in the energy sector, to introduce solar panels and fuel cells that had yet to become competitive with fossil fuels.
(Excerpt) Read more at news.yahoo.com ...
People sit on a hilltop near a coal-fired power station on the outskirts of Beijing on November 7, 2008. Hundreds of billions more dollars are likely to be needed to reduce greenhouse-gas emissions by a 2030 target, according to UN estimates published on Friday ahead of global talks on climate change. (AFP/File/Frederic J. Brown)
Why doesn’t the UN print their own money? That way they can spend all they want to and leave the rest of the world alone.
Just talk to Bush, Obama, Reid and Pelosi. They can scare up $700 billion, no sweat.
The UN can bugger off.
In not so nice terms.
Hey UN . . BHO is broke ....
Get in line behind GM IF YOU squirrels need money for Global warming BS.
WHAT HAS THE UN EVER FIXED ? Global warming money in the nothern Hemishere in Winter is going to be a little tough to come by. . . besides, everyone is waiting to see if Obama lied about his Green Agenda also.
Bunk. How about nothing ? Does nothing work for you ?
Just toss a few more trillion on the pile, America has plenty. We can fight the imaginary threats of AGW and deflation all in one shot.
Hundreds of billions? They are off by at least one order of magnitude and maybe two. Replacing all the world’s fossil plants with nukes will be a tall order. Carbon sequestration won’t work. And wind and solar won’t replace carbon.
Okay, who do we make the check out to, and whats the address of the PO Box in Nigeria?
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