IEA: extra €7 trillion needed for low-carbon energy

Additional global investments of $10.5 trillion (€7 trillion) will be needed in low-carbon energy technologies and energy efficiency by 2030 to try and limit the global temperature rise to two degrees Celsius, the International Energy Agency (IEA) said on Tuesday.

In its World Energy Outlook 2009 report, the IEA warns that without this extra investment, current energy trends will trigger an average global temperature rise of 6 degrees, resulting in "massive climatic change".

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