World “Future Energy” Summit in Abu Dhabi

Source: SPPI

UN: Wealth Redistribution Now!

by Dennis Ambler

Time is running out yet again on climate change according to a news article from “The National.ae” There is the usual litany of doomsday events that we invite as a result of our use of fossil fuels for energy.

“Severe droughts and heatwaves, melting of the polar ice caps, dramatic sea level rise and the displacement of millions of people living in island states or low-lying coastal areas may be the unavoidable consequences of global warming.”

But there is hope if we repent in time and spend trillions of dollars on “renewables”:

Humanity can escape these disasters but time is quickly running out, experts at the World Future Energy Summit in Abu Dhabi said yesterday.

“We have the capacity, we have the opportunity and we have the technologies,” said Dr Rajendra Pachauri, chairman of the Intergovernmental Panel on Climate Change, the scientific body that advises governments and the United Nations on climate change.

James Leape of the Worldwide Fund for Nature (WWF) was more sceptical. “Yes, we have a chance but we have really been dragging our feet … we are rapidly running out of time,” said Mr Leape, director general of WWF’s international secretariat. “We need to find a way to move very fast and we need to find a way for this shift to become exponential.” WWF says the world must be reliant solely on renewable energy by 2050.

The global community really has to decide where they want to stabilise temperatures,” Dr Pachauri said.

Meanwhile, back at the UN, preparing for Earth Summit 2012, Rio + 20:
Secretary General’s report on the Implementation of Agenda 21, August 2011, “Implementation of Agenda 21, the Programme for the Further Implementation of Agenda 21 and the outcomes of the World Summit on Sustainable Development”

“By 2050, it is feasible to transform the global energy system into an almost carbon-free one

Attaining these goals will require unprecedented and worldwide coordinated measures, including major shifts in regulatory regimes in almost every economy, vast incremental infrastructure investments (likely to be more than $1 trillion annually), an accelerated development and deployment of multiple new energy technologies, and a fundamental behavioural shift in energy consumption.

Major shifts in human and institutional capacity and governance will also be required.

Globally, the replacement cost of the existing fossil fuel and nuclear power infrastructure is at least $15 trillion-$20 trillion. Clearly, it is unlikely that the world will decide overnight to write off $15 trillion-$20 trillion in infrastructure and replace it with a renewable energy system having an even higher price tag.

At the same time, it should be noted that the long-term incentive to change the existing energy system should be powerful, too, particularly in view of the fact that oil importers spent about $2 trillion to buy crude oil in 2007″

But that crude oil was actually useful of course….

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