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Shocking wake-up call on global warming – report stresses renewable energy investment needs

Despite the billions of investment being ploughed into renewable energy and low carbon technologies across the globe, the world is failing dramatically in its battle to stem the tide of global warming, according to research published yesterday by PricewaterhouseCoopers (PwC).

“Governments and businesses can no longer assume that a 2oC warming world is the default scenario,” the firm says. Any investments in long-term assets or infrastructure, particularly in coastal or low-lying regions, need to address “far more pessimistic” scenarios...read more here.

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