Global oil demand is set to grow by 14.0 percent by 2035, pulled by China and emerging economies and the price could reach 120 dollars per barrel, the IEA said in its annual report on Wednesday.
“Without a bold change of policy direction, the world will lock itself into an insecure, inefficient and high-carbon energy system,” the International Energy Agency said.
“Growth, prosperity and rising population will inevitably push up energy needs over the coming decades,” IEA executive directorMaria van der Hoeven said.
“But we cannot continue to rely on insecure and environmentally unsustainable use of energy,” she said.
Read the rest at Raw Story
Global oil demand to rise 14% by 2035: IEAby Agence France-Presse
See also Joe Romm
Krugman: Only Politics Can Delay “an Energy Transformation, Driven by the Rapidly Falling Cost of Solar Power”
at Climate Progress
1 comment:
Get your shorts and sunglasses ready for a warm future! We "invested" public money in solar and wind technology companies. Now that the technology is developed, the price is right and factories are built, the populist pressure on the government has shifted directions in favor of austerity instead. Rather than continue to invest in projects that use the products, the factories are idle and going bankrupt.
China on the other hand built the factories and then sponsored and financed projects around the world to use the output from their factories.
A savvy politician would take each unemployed person at an O.W.S. camp that wanted a job and train the people to install a solar plant. Then put them to work at good wages using the output from our idle factories. Its should be a no brainer. New Deal 2.0. Instead of pressuring the government to do the right thing we get people protesting a pipeline to stop the government from doing the wrong thing. *sigh frustration*
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