From Reuters:

IEA urges $45 trln “energy revolution” to halve CO2

World governments must quickly start a $45 trillion “energy technology revolution” that could drive up the cost of producing carbon ten-fold, or risk emissions surging by 2050, the West’s energy watchdog warned on Friday.

The world would need to build dozens of nuclear power plants a year and bury carbon emitted from dozens more gas and coal plants, plus cutting the carbon intensity of cars, trucks, buses and planes eightfold, to halve emissions by mid-century, the International Energy Agency said in a new report.

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