Climate change: increased investment required worldwide in renewables
Muenster - UN General Secretary Ban Ki-moon has again warned of the consequences of global warming and called for urgent international action. The Muenster-based IWR, a renewable energy institute, stated that global greenhouse gas emissions can be reduced by significantly increasing investment in renewable energies. In 2010 around EUR 140 billion was invested worldwide in new renewable generation technologies (up from EUR 125 billion in 2009). According to the IWR’s estimates, annual investment of at least EUR 500 billion is required to significantly curb rising CO2 emissions.
"The current pace at which renewables are being rolled out worldwide is insufficient to offset the global increase in CO2 emissions," said Dr. Norbert Allnoch, Director of the IWR. The IWR proposes a further development of the Kyoto Protocol to protect the global climate. According to Dr Allnoch: "A twin-pronged approach aimed at reducing CO2 emissions and increasing investment in renewable technologies as envisaged in the CERINA Plan could offer a way out of the current dead-end with regard to climate policy."
Global CO2 emissions rose sharply again in 2010 after falling in 2009, reaching a record level of more than 33 billion tonnes. How the pace of the worldwide expansion of renewable energies can be stepped up will be one of the main topics up for discussion by economics experts at the 2011 Renewable Energy Business Day in Muenster.
Muenster, September 08, 2011
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About Internationales Wirtschaftsforum Regenerative Energien (IWR)
In 1996, the International Economic Platform for Renewable Energies (IWR) was established as an independent and private service institution of the renewable energy industry. The IWR focuses on the fields of research, economic and policy consultation as well as media and international networks in the renewable or regenerative energies sector. One main objective of the IWR is to play an instrumental role in introducing and spreading awareness for an industrial, international business profile of the renewable energy industry.
Dr. Norbert Allnoch, Director of the International Economic Platform of Renewable Energies (IWR), 1995, on the definition: "According to our definition, the Renewable Energy Industry is one which takes an interdisciplinary approach to the issue of renewable energy supply (protecting both the climate and resources) and the construction of renewable plants and systems (industry policy for the three areas electricity, heat and fuel."Chronology of the Renewable Energy Industry - Important IWR contributions, including prizes and awards - 2007 Publication of the first structural analysis for a federal state according to the IWR-analysis method for renewable systems engineering and servicesï¿½(study "Zur Lage der regenerativen Energiewirtschaft in NRW" )2007 International network-contacts:IWR-director Dr. Allnoch speaks with King Harald V. of Norway and ï¿½slaug Haga, norwegian minister of energy Presentation of the network / RENIXX in the USA, dialogue with McGinty, environment minister of Pennsylvania2006 IWR starts renewable stock index RENIXXï¿½ (