Climate change: increased investment required worldwide in renewables

Muenster - UN General Secretary Ban Ki-moon has again warned of the consequences of global warming and called for urgent international action. The Muenster-based IWR, a renewable energy institute, stated that global greenhouse gas emissions can be reduced by significantly increasing investment in renewable energies. In 2010 around EUR 140 billion was invested worldwide in new renewable generation technologies (up from EUR 125 billion in 2009). According to the IWR’s estimates, annual investment of at least EUR 500 billion is required to significantly curb rising CO2 emissions.

"The current pace at which renewables are being rolled out worldwide is insufficient to offset the global increase in CO2 emissions," said Dr. Norbert Allnoch, Director of the IWR. The IWR proposes a further development of the Kyoto Protocol to protect the global climate. According to Dr Allnoch: "A twin-pronged approach aimed at reducing CO2 emissions and increasing investment in renewable technologies as envisaged in the CERINA Plan could offer a way out of the current dead-end with regard to climate policy."

Global CO2 emissions rose sharply again in 2010 after falling in 2009, reaching a record level of more than 33 billion tonnes. How the pace of the worldwide expansion of renewable energies can be stepped up will be one of the main topics up for discussion by economics experts at the 2011 Renewable Energy Business Day in Muenster.

Further information:
https://www.cerina.org and
http://www.regenerativer-wirtschaftstag.de


Muenster, September 08, 2011


Publication and Reprint free of charge; please send a voucher copy to
the International Economic Platform for Renewable Energies (IWR).


Attention editorial offices: For further questions please contact Mr.
Dr. Norbert Allnoch, International Economic Platform for Renewable
Energies (IWR).

Soester Str. 13
48155 Muenster
Germany
Phone: +49 (0)251 / 23 94 6-0
Fax: +49 (0)251 / 23 946-10
Email: mailto:info@iwr.de
Internet: https://www.iwr.de

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