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.
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.