Tags: al gore | trillions | investment | decarbonize | world

Al Gore Calls for $15T in Investment to Decarbonize the World

Image: Al Gore Calls for $15T in Investment to Decarbonize the World
(AP)

By    |   Tuesday, 09 May 2017 10:11 AM

Climate crusader Al Gore and his commission are calling for "accelerated progress" to cut global carbon emissions in half by 2040, asking only for $15 trillion to get that done.

The Energy Transitions Commission (ETC), of which Gore is a member, released its report in late April, calling for annual investment of up to $600 billion a year for the next two decades in order to decarbonize the world — preferably in "accelerated" fashion.

"Halving global carbon emissions by 2040 is within our reach, but governments, investors and businesses must act now to accelerate energy transitions," ETC said in its release.

"To put the world on a well below 2˚C pathway, we must decarbonize power generation and extend electrification to a wider set of activities in the transport and buildings sectors."

Some form of "accelerate" is used seven times in ETC's release.

To get there, ETC says all that's needed is $15 trillion in investments for "investments in low-carbon technologies and more energy efficient equipment and buildings."

"This would mean an extra $300-600 billion in annual investment. This does not pose a major macroeconomic challenge in a world where global savings and investment reach $20 trillion annually," ETC said in its release.

A "fool's errand," writes the Washington Examiner's Fred Palmer.

"Gore's $15 trillion carbon tax should and will be rejected for the phony, radical environmental vision it represents," Palmer wrote.

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Climate crusader Al Gore and his commission are calling for "accelerated progress" to cut global carbon emissions in half by 2040, asking only for $15 trillion to get that done.
al gore, trillions, investment, decarbonize, world
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2017-11-09
Tuesday, 09 May 2017 10:11 AM
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