Home > Why $16.5 Trillion to Save the Planet Isn't as Much as You Think

News
Why $16.5 Trillion to Save the Planet Isn't as Much as You Think

Description

Making the energy industry safer for the climate may not cost as much as you think, even if the price tag is $16.5 trillion. That's the sum the International Energy Agency estimates it will cost the 187 governments to clean up pollution under the pledges made for the United Nations climate talks in Paris, which concluded on Saturday. In all, governments will spend $13.5 trillion meeting their goals. If they spent $3 trillion more, it would hold temperature increases to the ceiling they adopted of 2 degrees Celsius . It's an eye-popping figure. Yet the world is already set to invest about $68 trillion on its energy needs by 2040, even without a climate plan, the IEA projects. That will go for everything from renewable energy to coal-fired plants and building efficiency upgrades.

Added on the 14/12/2015 09:30:18 - Copyright : Wibbitz

To customise your video :

Or Create an account

More videos on the subject

  • Americans Release Pent-Up Shopping, Healthcare Demand

    Consumer spending accounts for more than two-thirds of U.S. economic activity--and Americans are doing a lot of it these days. According to Reuters, the Commerce Department said Monday that U.S. consumer spending increased by the most in more than 9-1/2 years in March, surging 0.9 percent. Households stepped up purchases of motor vehicles and spent more on healthcare. In March, personal income ticked up 0.1 percent after rising 0.2 percent in February. Wages rose 0.4 percent in March after advancing 0.3 percent in the prior month. However, savings fell to $1.03 trillion in March from $1.16 trillion in February.

    29/04/2019 - Wochit
  • U.S. To Hit 150 Million Jobs For The First Time Ever

    WASHINGTON (Reuters) - U.S. job growth likely picked up in December with wages expected to have increased solidly, which could help to allay a recent upsurge in fears about the economy’s health that have roiled financial markets. FILE PHOTO: Job seekers and recruiters gather at TechFair in Los Angeles, California, U.S. March 8, 2018.

    04/01/2019 - Wochit
  • U.S. Jobs Up In December

    WASHINGTON (Reuters) - U.S. job growth likely picked up in December with wages expected to have increased solidly, which could help to allay a recent upsurge in fears about the economy’s health that have roiled financial markets. FILE PHOTO: Job seekers and recruiters gather at TechFair in Los Angeles, California, U.S. March 8, 2018.

    04/01/2019 - Wochit
  • Stocks Up On Trade Hopes

    LONDON (Reuters) - World share and commodity prices rose on Monday as hints of progress on the Sino-U.S. trade standoff provided a rare glimmer of optimism in what has been a punishing end of year for markets globally. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville Europe’s STOXX 600 followed Asia’s overnight lead to push 0.3 percent higher as traders made a lacklustre effort to gloss over the worst year for equities .

    31/12/2018 - Wochit
  • World Stocks Slide

    On Tuesday asian share markets stumbled as heightened concerns about a slowing global economy sent Wall Street stocks skidding to their lowest levels in more than a year. Reuters reports that the gloomy data came after weak economic news out of China and Europe late last week. Also the Federal Reserve is widely expected to raise interest rates on Wednesday, which would be its fourth hike this year.

    18/12/2018 - Wochit
  • Faut-il renforcer la taxe Gafa ? Mounir Mahjoubi : "Pourquoi pas"

    @PascaledeLaTour : "Envisagez-vous de déposer un amendement pour renforcer l'efficacité de la taxe ?". @mounir : "Pourquoi pas mais on a voté une taxe qui va permettre de rapporter entre 400 et 600 millions, c'est déjà la moitié du chemin". #LaMatinaleLCI @LCI #La26.

    25/09/2019 - LCI