Posted on | November 8, 2007 | 1 Comment
Climate science is fun and all, but I think we pretty much know what we need to know at this point. I’m thinking maybe I need to start paying more attention to global energy economics:
As China and India’s energy consumption grows, coal stands to make the largest gains from shifts in future fossil fuel usage, the International Energy Agency (IEA) said Wednesday in its World Energy Outlook (WEO).
The outlook focuses on the need to offset and accommodate the growing energy consumption of these growing economies. The IEA outlines several models for growth in China and India, highlighting the consequences that development in these countries will have in terms of energy demand, the global economy, and the environment.
The WEO says that economic development fuelling increased energy needs in these two countries is almost certain, so immediate actions should be taken to ensure development in the most environmentally friendly terms possible.