IEA calls for $36 trillion more in “clean energy” investments

NEW YORK (CNNMoney) — The International Energy Agency said the world’s clean energy investments are sorely lacking and this week called for an additional $36 trillion of funding by 2050.

In a sharply-worded introduction to a 700-page report, IEA Executive Director Maria van der Hoeven said governments and private industry need to do far more if the world is to hold global warming to what most scientists say is an acceptable level.

“Our ongoing failure to realize the full potential of clean energy technology is alarming,” said van der Hoeven. “Under current policies, both energy demand and emissions are likely to double by 2050.”

The IEA consists of mostly industrialized nations and was set up in the early 1970s to counterbalance OPEC. It conducts energy market research and helps coordinate releases from strategic oil stockpiles.

Read more at CNN Money. By Steve Hargreaves.

Comments

  1. whitetop says:

    That sucking sound you hear is the government pulling the money from your pocket to fund another international association set up to transfer wealth from Americans to corrupt politicians.

  2. Higgy68 says:

    I do have to hand it to these corrupt idiots they are definitely not pikers. The IEA asking for $36 Trillion to solve a problem that does not exist is really ballsy. Just what do these quasi-scientists think they are going to do with this money besides becoming extremely rich.

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