Study Posits Fossil Fuels Could Be Eliminated by 2050. By Alister Doyle, Reuters, October 28, 2008. "The world could eliminate fossil fuel use by 2090 by spending trillions of dollars on a renewable energy revolution, the European Renewable Energy Council (EREC) and Greenpeace said on Monday. The 210-page study [Energy (R)evolution, PDF, 96 pp] is one of few reports -- even by lobby groups -- to look in detail at how energy use would have to be overhauled to meet the toughest scenarios for curbing greenhouse gases outlined by the U.N. Climate Panel… EREC represents renewable energy industries and trade and research associations in Europe. A more radical scenario could eliminate coal use by 2050 if new power generation plants shifted quickly to renewables. Solar power, biomass such as biofuels or wood, geothermal energy and wind could be the leading energies…Needed energy investments until 2030, the main period studied, would total $14.7 trillion, according to the study. By contrast, the International Energy Agency (IEA), which advises rich nations, foresees energy investments of just $11.3 trillion to 2030, with a bigger stress on fossil fuels and nuclear power."
2008-10-29
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