German institute calculates required green energy investments for 65 countries
(ADPnews) - Oct 12, 2010 - German renewable energy institute IWR said today it had calculated the required investments in renewable energy for 65 countries in order to stabilise global CO2 emissions.
The investment model, dubbed the CERINA-Plan, is available online in 15 languages, including Chinese, Russian, Arabic and Hindi.
With annual global CO2 emissions totalling 31.1 billion tonnes and counterbalancing investments of EUR 500 billion (USD 692bn) required in renewable energy, the theoretical cost of CO2 is EUR 16 per tonne. Based on its CO2 emissions, the country-specific investment in renewable energy technology can be determined for each country, the institute explained.
The ranking of countries in terms of investment in renewable energy technology will in addition give rise to political and economic stimuli, according to the institute. This will lead to a higher acceptance of climate protection in individual countries than the fixed upper CO2 limits as stipulated in the Kyoto accord, IWR said.