Greenhouse Gas Will Soar by 50% if Policy Does Not Change Immediately: Report
March 16, 2012 Global greenhouse gas emissions will rise 50 percent by 2050 unless current energy and climate policies change soon, according to a report released today by the Organization for Economic Cooperation and Development (OECD). World energy demand in 2050 will be 80% higher and still 85% reliant on fossil fuel-based energy if current policy does not alter.
OEDC recommends a 'a cocktail of policy solutions' including the use of environmental taxes and emissions trading schemes to make pollution more costly than greener alternatives, among other urgent policy shifts.
Emissions Set to Surge 50 pct by 2050: OECD (Reuters):
Due to such dependence on fossils, carbon dioxide emissions from energy use are expected to grow by 70 percent, the OECD said, which will help drive up the global average temperature by 3 to 6 degrees Celsius by 2100 - exceeding the internationally agreed warming limit of within 2 degrees.
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