{"id":27722,"date":"2009-01-30T19:13:00","date_gmt":"2009-01-30T19:13:00","guid":{"rendered":""},"modified":"2020-05-14T18:38:18","modified_gmt":"2020-05-14T18:38:18","slug":"2722-forum-urges-vast-clean-tech-spending","status":"publish","type":"post","link":"https:\/\/dialogue.earth\/en\/uncategorized\/2722-forum-urges-vast-clean-tech-spending\/","title":{"rendered":"Forum urges vast clean-tech spending"},"content":{"rendered":"

 <\/p>\n

Climate change has been pushed down the agenda at Davos this year because of the global financial and economic crisis. Nevertheless, the WEF study — co-authored with New Energy Finance (NEF) — stressed that vastly increased spending on protecting the environment was necessary.<\/p>\n

 <\/p>\n

Although "green investment" has increased more than fourfold, from US$30 billion to US$140 billion, between 2004 and 2008, it still would need to triple to meet the target set by the report’s authors. Annual spending of US$500 billion a year would be needed to prevent a temperature rise of more than 2° Celsius by 2030, they said. <\/p>\n

 <\/p>\n

In the transition from fossil fuels to a clean-energy strategy over the next 20 years, the study identified eight emerging, large-scale clean energy sectors considered crucial. They are: onshore wind, offshore wind, solar photovoltaic, solar thermal electricity generation, municipal solar waste-to-energy, sugar-based ethanol, cellulosic and next-generation biofuels, and geothermal power. <\/p>\n

 <\/p>\n

The study’s authors — Max von Bismarck and Anuradha Gurung of the WEF and Chris Greenwood and Michael Liebreich of NEF — said that "enormous investment in energy infrastructure is required to address the twin threats of energy insecurity and climate change".<\/p>\n

 <\/p>\n

See full story<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The World Economic Forum says more than US$10 trillion must be invested in clean technology between now and 2030 if the earth is to be spared from an unsustainable increase in temperature, the Guardian<\/em> reported. At its annual meeting of political and business leaders in Davos, Switzerland, the organisation said at least US$515 billion should be spent annually on limiting carbon emissions.<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"hashtags":[],"country":[],"class_list":["post-27722","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"yoast_head":"\nForum urges vast clean-tech spending | Dialogue Earth<\/title>\n<meta name=\"description\" content=\"The World Economic Forum says more than US$10 trillion must be invested in clean technology between now and 2030 if the earth is to be spared from an unsustainable increase in temperature, the Guardian reported. 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