It’s commonly known that climate change is happening and not for the better; ‘eco-friendly’ and the ‘green movement’ are at last a trend, and for the most part, people are finally taking a plunge to make the world a more sustainable stomping ground. However, these are all important steps to reach the light at the end of the tunnel, but take a look at the research below that shows where investment needs to improve to get us there faster…
The International Energy Agency estimated in a recent report that the world needs to spend $359 trillion between now and 2050 to avoid catastrophic climate change.
It isn’t just that we’re not investing enough money; we’re not investing enough money by a factor of more than 17.
And that’s a moral, economic and geopolitical failure.
Meanwhile, if we don’t do anything to try to limit climate change, the world will spend $318 trillion by 2050 on the kind of greenhouse gas-producing energy and transportation infrastructure that actually fuels climate change. To limit climate change, that money needs to be spent on clean infrastructure, not dirty energy projects. And beyond shifting the money we are already projected to spend on dirty energy to clean infrastructure, the world needs to invest an additional $40 trillion over 35 years to keep the rise in global temperatures below 2 degrees Celsius.
The extra $1 trillion per year investment in clean energy that is needed, above and beyond what we are already projected to spend, has been dubbed the “clean trillion” by nonprofit sustainability advocacy group Ceres, and that’s what we should really be aiming for.
“The world needs to be shifting trillions into clean energy, not just billions,” Christopher Fox, a director at Ceres, told The Huffington Post.
Read more from the original source here: http://www.huffingtonpost.com/entry/stop-climate-change-cost_56532267e4b0879a5b0b8a1b?utm_hp_ref=business