What will it cost if the world warms 3.5 degrees?December 6, 2011
Current emissions reductions targets are likely to create a warming of 3.5°C by 2020, far below the original pledge of 2°C lower. The Climate Action Tracker has done an analysis that shows what the financial and environmental risks are. The tracker is continually updating according to the latest information available. What the current analysis shows is that “for every US$1 of investment not spent on reducing emissions in the power sector before 2020 an additional US$4.3 would need to be spent after2020 to compensate for the increased emissions. – International Energy Agency’s “World Energy Outlook 2011.”
Download Briefing Paper for Durban.