a Bargain?
September 17th 2007 23:43
HUGE Investment is needed to combat Climate change according to the latest UN report......see below: this article shows the world needs to chip in a humble $200bln yes I said BILLION to combat Climate change. Thats a lot of money in any man's language, oh yeah except of course if you think of it in terms of how much we spend on like WAR and WEAPONS, that's a TRILLION number........here's hoping governments take the lead and contribute at least a percentage of this $200bln number, with OUR tax money.
It sounds like a lot of money but i guess if we consider the stakes $200bln is A BARGAIN
its worth reading this story, the UN is hosting the next round of Climate change talks in Bali in November.
Take a look at this report by the UN. Huge investment is needed to combat Climate Change by 2030.......
here's the link story below Really Long Link
Massive investment needed to combat climate change: UN
by Sim Sim Wissgott Tue Aug 28, 2:07 PM ET
VIENNA (AFP) - Investment of more than 200 billion dollars will be needed by 2030 just to keep greenhouse gas emissions at today's levels, according to a UN climate change report presented Tuesday in Vienna.
"Global additional investment and financial flows of 200-210 billion dollars (146.3-153.7 billion euros) will be necessary in 2030 to return global greenhouse gas emission to current levels," according to the report by the United Nations Framework Convention on Climate Change (UNFCCC).
Presenting the report, UNFCCC Executive Secretary Yvo de Boer told reporters that finding "an economic answer" was key to dealing with the peril of climate change.
The UNFCCC is holding talks in Vienna this week with government, industry and research representatives ahead of a conference in Bali, Indonesia, in December to discuss climate commitments after 2012, when the UN's Kyoto Protocol expires.
Between 0.3 and 0.5 percent of global gross domestic product and between 1.1 and 1.7 percent of global investment will have to be spent on addressing climate change, the report estimated.
Although additional funding is necessary, "a substantial part of the additional investment and financial flows needed could be covered by the currently available sources," the report also suggested.
The aim will be to "direct the financial and investment flows into new facilities that are more climate-friendly and resilient."
This will include investing in technology research, renewable energy and energy efficiency for transport, industry and construction, as well as supporting agroforestry and implementing sustainable forest management.
"Energy efficiency is in fact the most promising means to reduce emissions in the short term," De Boer told journalists.
Funding should also be provided to certain sectors in developing countries to encourage them to reduce activities that can lead to further climate change.
One way to generate additional funding is the Kyoto Protocol's Clean Development Mechanism (CDM), the report said.
Under this device, industrialised countries can invest in projects that reduce emissions in developing countries in order to offset emissions at home, where making reductions would be more costly.
An international air traffic levy -- an idea that is running into fierce opposition from the aviation industry -- could also raise between 10 and 15 billion dollars, De Boer pointed out.
The report was drawn up in cooperation with UN agencies, international financial institutions, non-governmental organisations (NGOs) and private-sector representatives.
It called on all countries to adopt common policies on technology research and development and set global efficiency standards for electrical appliances.
De Boer said the report sends "signals ... to the people out there, the governments that are going to be designing the architecture of the future climate change regime, in terms of the areas that they need to address."
More than a thousand representatives are gathering in Vienna this week as part of the UNFCCC talks.
Atmospheric levels of carbon dioxide (CO2), the principal greenhouse gas, have so far risen by around a third since the start of the Industrial Revolution in the mid-18th century.
Over the past hundred years, the global mean air temperature has risen by around 0.75 degrees Celsius (1.33 degrees Fahrenheit), causing glacial retreat, shrinkage of the Arctic ice cap and loss of permafrost, the UN's Intergovernmental Panel on Climate Change (IPCC) said earlier this year.
Its experts forecast further warming this century of between 1.1 and 6.4 C (2.0-11.5 F) depending on how much more CO2 is emitted. Water stress and drought, impacting on agriculture, and a greater risk of more powerful storms, affecting coastal dwellers, are among the feared outcomes.
The big source of CO2 is pollution from the burning of oil, gas and coal, the mainstay energy in today's society. Reducing this pollution entails efficiency or a switch to cleaner fuels, which carries a cost.
It sounds like a lot of money but i guess if we consider the stakes $200bln is A BARGAIN
its worth reading this story, the UN is hosting the next round of Climate change talks in Bali in November.
Take a look at this report by the UN. Huge investment is needed to combat Climate Change by 2030.......
here's the link story below Really Long Link
Massive investment needed to combat climate change: UN
by Sim Sim Wissgott Tue Aug 28, 2:07 PM ET
VIENNA (AFP) - Investment of more than 200 billion dollars will be needed by 2030 just to keep greenhouse gas emissions at today's levels, according to a UN climate change report presented Tuesday in Vienna.
"Global additional investment and financial flows of 200-210 billion dollars (146.3-153.7 billion euros) will be necessary in 2030 to return global greenhouse gas emission to current levels," according to the report by the United Nations Framework Convention on Climate Change (UNFCCC).
The UNFCCC is holding talks in Vienna this week with government, industry and research representatives ahead of a conference in Bali, Indonesia, in December to discuss climate commitments after 2012, when the UN's Kyoto Protocol expires.
Between 0.3 and 0.5 percent of global gross domestic product and between 1.1 and 1.7 percent of global investment will have to be spent on addressing climate change, the report estimated.
Although additional funding is necessary, "a substantial part of the additional investment and financial flows needed could be covered by the currently available sources," the report also suggested.
The aim will be to "direct the financial and investment flows into new facilities that are more climate-friendly and resilient."
This will include investing in technology research, renewable energy and energy efficiency for transport, industry and construction, as well as supporting agroforestry and implementing sustainable forest management.
"Energy efficiency is in fact the most promising means to reduce emissions in the short term," De Boer told journalists.
Funding should also be provided to certain sectors in developing countries to encourage them to reduce activities that can lead to further climate change.
One way to generate additional funding is the Kyoto Protocol's Clean Development Mechanism (CDM), the report said.
Under this device, industrialised countries can invest in projects that reduce emissions in developing countries in order to offset emissions at home, where making reductions would be more costly.
An international air traffic levy -- an idea that is running into fierce opposition from the aviation industry -- could also raise between 10 and 15 billion dollars, De Boer pointed out.
The report was drawn up in cooperation with UN agencies, international financial institutions, non-governmental organisations (NGOs) and private-sector representatives.
It called on all countries to adopt common policies on technology research and development and set global efficiency standards for electrical appliances.
De Boer said the report sends "signals ... to the people out there, the governments that are going to be designing the architecture of the future climate change regime, in terms of the areas that they need to address."
More than a thousand representatives are gathering in Vienna this week as part of the UNFCCC talks.
Atmospheric levels of carbon dioxide (CO2), the principal greenhouse gas, have so far risen by around a third since the start of the Industrial Revolution in the mid-18th century.
Over the past hundred years, the global mean air temperature has risen by around 0.75 degrees Celsius (1.33 degrees Fahrenheit), causing glacial retreat, shrinkage of the Arctic ice cap and loss of permafrost, the UN's Intergovernmental Panel on Climate Change (IPCC) said earlier this year.
Its experts forecast further warming this century of between 1.1 and 6.4 C (2.0-11.5 F) depending on how much more CO2 is emitted. Water stress and drought, impacting on agriculture, and a greater risk of more powerful storms, affecting coastal dwellers, are among the feared outcomes.
The big source of CO2 is pollution from the burning of oil, gas and coal, the mainstay energy in today's society. Reducing this pollution entails efficiency or a switch to cleaner fuels, which carries a cost.
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Comment by katyzzz
Photography Tips
MS Paint Art
Katyzzz....everything costs, except us.
See my hybrid train for some savings.
Comment by Nickoftime's Sanity Corner
great info and an excellent post...Hope the rest of the world catches up and goes with the flow...
It would sure make the future a whole lot brighter!
Take care,
Nick