The global energy challenge

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Depending on the efficiency measures implemented, by 2030 world energy needs are predicated to be between 30 and 60% higher than current levels.

The IEA estimates that around 4,800 GW of new energy capacity needs to be installed before 2030, requiring investments of almost US$ 4 trillion.

At present 50% of Europe’s total energy supplies are imported, much of it from volatile regions.

Air pollution caused by fossil fuels is a major problem in both developing and industrialized countries. WHO estimates that it kills over 650,000 people per year in China alone.

To avert the worst impacts of climate change, global emissions must begin to decline by 2020, according to the IPCC. The power sector accounts for 40% of total CO2 emissions.

Under the Kyoto Protocol, industrialised state signatories have committed to reducing their emissions by an average 5.2% below 1990 levels by 2012.

EU member states have a binding target to supply 20% of total final energy consumption from renewables by 2020.

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