International Energy Agency Calls for $45 Trillion Investment in 'Green' Energy. By James Kanter, NYTimes, June 8, 2008. "The International Energy Agency, a group that advises industrialized countries, said Friday in a report that investments of at least $45 trillion might be needed over the next half-century to prevent energy shortages and greenhouse gas emissions from slowing economic growth... The report [PDF 19 pp] sends a strong warning that the combination of growing demand for energy in countries like China and India, the dangers of climate change and the scarcity of resources are going to require huge shifts in the global economy. Countries will have to overcome objections to building nuclear power plants and to storing large amounts of carbon dioxide underground or beneath the ocean floor. The report also described emissions-cutting pathways that broadly match the advice of some leading scientists who have recommended cutting emissions in half by 2050 as a way of avoiding devastating climate change."
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