Investing Green is a investors blog that focuses specifically on winning trading ideas generated from innovative companies, technology, and ideas that are currently developing to meet our energy needs to remain competitive in the global economy. Energy efficiency and independence has become national imperatives for our economy and recent all-time high oil prices has demanded the government, firms, and consumers attention and will induce the next market boom. Going Green And Meaning It!
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Friday, June 6, 2008

45 Trillion Dollars In Capital Needed???


" The world needs to invest $45 trillion in energy in coming decades, build some 1,400 nuclear power plants and vastly expand wind power in order to halve greenhouse gas emissions by 2050," according to an energy study released Friday. The report was published by the Paris based International Energy Agency and consummates things to come for the world to reduce carbon emissions and dependency on fossil fuels. The report also states:

  • An average of 35 coal-powered plants and 20 gas-powered power plants would have to be fitted with carbon capture and storage equipment each year between 2010 and 2050.
  • The world would have to construct 32 new nuclear power plants each year, and
  • Wind-power turbines would have to be increased by 17,000 units annually
Posted by Econfin2007 at 10:19 AM

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