Greenhouse gases 'to rise by 52%'

[hoon]

Global greenhouse gas emissions will rise by 52% by 2030, unless the world takes action to reduce energy consumption, a study has warned.
The prediction comes from the latest annual World Energy Outlook report from the International Energy Agency (IEA).

It says that under current consumption trends, energy demand will also rise by more than 50% over the next 25 years.

The IEA adds that oil prices will "substantially" rise unless there is extra investment in oil facilities.

It says the world has seen "years of under-investment" in both oil production and the refinery sector.

The organisation estimates that the global oil industry now needs to invest $20.3 trillion (£12 trillion) in fresh facilities by 2030, or else the wider global economy could suffer.

'Unsustainable'

"These projected trends have important implications and lead to a future that is not sustainable," said IEA chief Claude Mandil.

"We must change these outcomes and get the planet onto a sustainable energy path."

The IEA's warning comes at a time when the Kyoto climate change agreement calls on developed nations to cut their greenhouse gas emissions to 5% below 1990 levels by 2008-12.

It also cautions that oil producers need to double annual investments in their oil fields or else see another £13 a barrel on the projected price of oil over the next 25 years.

Economic impact

The IEA says this extra investment is vital to avoid the supply bottlenecks that saw oil prices rise above $70 a barrel in late August.



"If investments do not come in a timely and sufficient manner, there will be higher oil prices, and global economic growth will suffer," said IEA chief economist Fatih Birol.

The IEA says the world has enough oil supplies to last until 2030, and that the core issue is instead the need to improve the supply chain.

The IEA is made up of the 26 main industrialised nations who are the major oil consumers.

[mgopilot]

So we will see both rising temperatures AND rising oil prices.
Even at Kyoto levels we will still see a rise, but the US and China didn't sign it so that is mute. The increasing demand for oil leading to higher prices is from overpopulation and 3rd world countries trying to be 2nd world countries. More cars (one per minute) in China, and we see other worldly pollution. People walking in heavy haze with handkerchiefs around their mouths.
Rising oil demand unsustainable without trillions of dollars, rising CO2 leading to unsustainable crop yields and coastal low lands flooding, and all from rising numbers of people, who will migrate and ruin other lands, then in poverty, riot for non-existant jobs and opportunities they don't qualify for, and free money that others are sick of giving. It is already happening. As in France and Denmark. The solution is to let nature take its course and let the population crash in 2050. Can't stop it anyway. It is a relentless Juggernaut, with abject misery leading. Those that let in the over-breeders are getting their initial tastes of it now. Those countries that are made up of over-breeders can't export them fast enough.

[seven]

Wouldn't it be nice if one of these reports actually gave an answer to a problem rather than simply saying there is a problem?

[Richard]

Originally Posted by seven

Wouldn't it be nice if one of these reports actually gave an answer to a problem...?

42.

[seven]

You know what I mean though? All this talk about stuff but no one seems sure on what to actually do.

[Richard]

That's the wonders of democracy for you. Millions of people all pulling in different directions not knowing what to do and so nothing gets done.

[hoon]

Originally Posted by TheRobster

That's the wonders of democracy for you. Millions of people all pulling in different directions not knowing what to do and so nothing gets done.

I always think this whenever I watch PM questions on television. It seems like a juvenile squabble as much as anything else and I'm amazed that anything gets done at all

[Richard]

Things do get done - it just takes a long time.

Of course the alternatives aren't any better, unless you fancy living in a dictatorship.

[hoon]

Of course the alternatives aren't any better, unless you fancy living in a dictatorship.

I thought we already were

[Richard]

Well we probably would be if TB had his way, but that's looking less and less likely of late.