Shocking wake-up call on global warming – report stresses renewable energy investment needs

Despite the billions of investment being ploughed into renewable energy and low carbon technologies across the globe, the world is failing dramatically in its battle to stem the tide of global warming, according to research published yesterday by PricewaterhouseCoopers (PwC)“Governments and businesses can no longer assume that a 2oC warming world is the default scenario,” the firm says.

Any investments in long-term assets or infrastructure, particularly in coastal or low-lying regions, need to address “far more pessimistic” scenarios… to continue read more on this and why PwC believes shale gas is not the answer but more focus on renewables is click here.

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Potential breakthroughs

Meantime, it’s worth noting that the report from PwC raises some fundamental concerns about just how far behind the world is in fighting climate change, despite our best efforts so far. It highlights the desperate need for governments to back low carbon initiatives even more, including those still very much in the R&D stage. After all,

the solutions now being researched could hold the very key to sustaining our future and safeguarding the very survival of those most at risk.

And there really is some amazing work going on in R&D labs across the globe … for example, as a guest blogger on Renewable Energy Focus recently highlighted, there’s been a truly intriguing development announced in the UK recently which is claimed to have the potential to create petrol using just air and electricity, although the question is…

can this petrol-pumping marvel of a development really be carbon neutral?

If governments target support as PwC suggests it should, then as far as I can see, there’s absolutely no reason on earth that it shouldn’t.

About Gail Shameza Rajgor

Gail Rajgor is a business journalist and editor specialising in global energy and environment issues. Her current clients include Energy Demand (Editor) and Renewable Energy Focus (Editorial Consultant and Renewables Analyst). With a career spanning the last 20 years, previous positions include Managing Editor of Renewable Energy Focus and Senior Editor of Windpower Monthly, while her freelance clients have included Renews, PV Insider, Wind Energy Update, and Tidal Today alongside general business magazines including Risk Specialist and Director. She has also produced her own magazine, Sustainable Energy Developments, in the past. Today, in addition to her freelance editorial roles, Gail is also a professional photographer running her own company Rage With A Smile Photography.
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