Additional investments of about 800 billion US Dollars per year are required globally from now to mid-century in order to limit climate change to 2 degree Celsius, reveals a new study. However, much of that capital could come from shifting subsidies and investments away from fossil fuels and associated technologies, as fossil subsidies currently amount to around 500 billion dollars per year worldwide. David McCollum, the IIASA researcher, said that ...
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Sunday, July 6, 2014
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