14.12.2009 - Climate deal will cost trillions, says IEA
From Leadershipnigeria.com: The United Nations’ Conference meeting in Copenhagen aiming to thrash out a global deal on climate change has been revealed to cost over trillions over the next 20years to implement, if the America President Obama and other world leaders hammer out a comprehensive climate deal. The International Energy Agency says that new energy infrasture alone is expected to cost more than $10 trillions in new investments but "the costs would ramp up relatively slowly and they would be largely offset by economic benefits including new jobs, efficiency, and more secure energy supplies and most of these investments will come from private rather than public funds and the cost of the inaction would be the extinction of the human race", IEA .....................................Full Article: Source
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