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Policy news & blueprints for the transition to a new Sustainable and Social Economy
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IEA Says the Party’s Over

IEA Says the Party’s Over | The Great Transition | Scoop.it
The International Energy Agency has just released a new special report called “World Energy Investment Outlook” that should send policy makers screaming and running for the exits.
Willy De Backer's insight:

Great analysis by Richard Heinberg of the international Energy Agencies recent 'World Energy Investment Outlook'. World needs at least 48 trillion dollars investments through 2035.

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High praise for Denmark's long-term energy vision

The International Energy Agency has commended Denmark for its energy policies. Denmark is a world leader for renewable energy, energy efficiency and climate change.

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Overseas aid to Africa being outweighed by hefty costs of importing oil

Overseas aid to Africa being outweighed by hefty costs of importing oil | The Great Transition | Scoop.it
Sub-Saharan states need to move to renewable energy sources as $15bn in aid is outstripped by $18bn in oil imports, says IEA...

 

But not only Africa is affected. Europe will suffer competitiveness loss as a result of oil dependence. "...for every $1 that countries do not spend on cleaner fuel, they will have to spend $4.3 within the next two decades to make up, for their reliance on fossil fuels".  EU oil bill is more than 550bn per year, the "equivalent of a Greek crisis - very year".

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