December 28 2008 / by Garry Golden
Category: Environment Year: 2010 Rating: 2
'The New Energy Economy' is the latest policy buzz word being used to describe the vision of a future global economy that runs on clean, abundant energy systems.
The incentives to accelerate this cleantech future are growing. Beyond issues of climate change, there are increasing concerns about accelerating resource depletion and 'peak' production of key resources as the world adds 3 billion people and doubles energy consumption by 2050. Paris-based International Energy Agency estimates that peak oil production could occur as soon as 2020.
The 'new energy economy' will require leaps in performance with new forms of energy production and storage systems.
Nothing is likely to happen quickly as the transition takes decades to unfold. And while our dependency on fossil fuels is likely to continue through mid-century, big changes are ahead.
World Watch Energy Report
The World Watch has released a report (PDF) looking at a roadmap towards a lower carbon economy based on a wide range of new energy systems.
"We are on the verge of an energy revolution," says Flavin. "With strong political leadership, we have a once-in-a-generation opportunity to use policy and technology innovation to stave off the greatest human-caused threat our planet has seen."
World Watch believes that 'these new energy sources will make it possible to retire hundreds of coal-fired power plants that now provide 40 percent of the world's power by 2030, eliminating up to one-third of global carbon dioxide emissions while creating millions of new jobs.'
The report's roadmap includes: