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IEA: 72p of every pound invested in energy needs to be spent on renewables

Posted on 15 December 2009

From Telegraph: Almost three-quarters of the money spent on Britain and Europe’s energy sectors by 2030 will need to go towards renewable power, according to the International Energy Agency (IEA).
Dr Fatih Birol, chief economist of the IEA, said that 72p in every pound of new investment ought to be spent on clean energy, such as wind and solar, to hit current targets on global warming. The remaining 28p would be spent on nuclear and fossil fuels……………………………….Full Article: Source

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