We are witnessing a new breed of robber barons.. techno-crats.
No lie is too big nor subsidy too small..
The potential to build new fortunes on folly so tempting.
HOW TO STAY BELOW 2C
World emissions will have to be cut by 40 to 70 percent compared with 2010 levels by mid-century, and to near-zero by 2100, to keep warming below 2C, IPCC scenarios show. Such cuts are far deeper than most governments plan.
The goal also implies more energy efficiency and a tripling or a quadrupling of the share of low-carbon energy by 2050, up from 17 percent in 2010.
Low-carbon energy includes renewables such as wind and solar power, nuclear energy and fossil fuels using carbon capture and storage (CCS). Many CCS technologies, mostly experimental, use chemicals to strip carbon dioxide from flue gases and then pipe it underground.