NEW JOBS TO DEAL WITH GLOBAL WARMING
The world needs to invest $45 trillion in energy in coming decades, build 1,400 nuclear power plants and vastly expand wind power in order to halve greenhouse gas emissions by 2050, according to the release of a recent energy study.
The International Energy Agency envisions a "energy revolution" that would greatly reduce the world's dependence on fossil fuels while maintaining steady economic growth.
The scenario for deeper cuts would require massive investment in energy technology development and deployment, a wide-ranging campaign to dramatically increase energy efficiency, and a wholesale shift to renewable sources of energy.
Assuming an average 3.3 percent global economic growth over the 2010-2050 period, governments and the private sector would have to make additional investments of $45 trillion in energy, or 1.1 percent of the world's gross domestic product.
That would be an investment more than three times the current size of the entire U.S. economy.
The second scenario also calls for an accelerated ramping up of development of so-called "carbon capture and storage" technology allowing coal-powered power plants to catch emissions and inject them underground.
The study said that an average of 35 coal-powered plants and 20 gas-powered power plants would have to be fitted with carbon capture and storage equipment each year between 2010 and 2050.
Most of the money would be in the commercialization of energy technologies developed by governments and the private sector.
This is where the new job market with sustainable employment is headed and many future jobs may be found.
Jobs in Sustainable Energy Businesses / Green Jobs
Directory of Sustainable Energy Companies
Study: $45 Trillion Dollar Investment Needed to Fight Global Warming
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