Reality Swamps IPCC's "Worst Case Scenario"

Tue, 2007-05-22 08:07Ross Gelbspan
Ross Gelbspan's picture

Reality Swamps IPCC's "Worst Case Scenario"

Global emissions of carbon dioxide are growing at a faster clip than the highest rates used in recent key UN reports. From 2000 to 2004, CO2 emissions rates almost tripled to 3 percent a year – higher than any rate used in emissions scenarios for the reports by the Intergovernmental Panel on Climate Change.
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A worldwide transition to low carbon fuels could save the global economy as much as $1.8 trillion over the next two decades, according to two reports published Thursday by the Climate Policy Initiative.

By switching to renewable energy sources, the high costs associated with extracting and transporting coal and gas could be avoided, the reports, titled Moving to a Low Carbon Economy: The Financial Impact of the Low-Carbon...

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