Third, the groups said the transport sector must also be far along the path to decarbonization by 2050. This will entail "rapid replacement of conventional vehicles by hybrid and electric vehicles, combined with sustainable biofuels, and essential programs to expand use of mass transit and other cleaner mobility options. Achieving these goals will require rapid changes in the way we produce, use and even think about energy in modern society. We believe we can -- and must -- begin the evolution toward a more efficient, low-carbon energy system today. The longer we wait, the more inefficient and high-carbon technologies will become 'locked in' and the higher the ultimate price tag of cutting emissions."
IEA analysis estimates that every year of delay adds US$ 500 billion to the investment needed worldwide between 2010 and 2030 in the energy sector. We cannot afford to postpone action any longer. They said that despite the urgency, "current efforts fall short. Although government investment in low-carbon technologies increased in 2008-2009 for the first time since the 1970s, it is still not enough. We need to sustain these increases and at least triple public investment in clean energy research, development and deployment. The private sector is ready to take on greater risk in new, innovative low-carbon technologies if they see a positive return on their investment. But the rules need to be clear and the operating framework more certain. . . The world is moving on from Copenhagen. Negotiations must continue, but action need not await their outcome.
Access a lengthy release from the two organizations and link to additional information (click here).