GLOBAL WARNING Dr Ulrich Loening.

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GLOBAL WARNING Dr Ulrich Loening

16 Years of Scientific Assessment in Support of the Climate Convention December 2004

Table 2: Privatization of Global Carbon Dumps by the UK Draft National Allocation under the EU Emissions Trading Scheme Industrial sector (UK only) Annual gift of emissions rights (mtCO2) Percentage of available world above-ground carbon dump* Proj. annual value † Power generators %€718m b Iron & steel %€ m Refineries %€95-286m Offshore oil & gas %€95-286m Chemicals %€55-166m Cement %€50-151m Pulp & paper4.30.1%€21-64m Food & drink3.90.1%€19-58m Other industries %€64-193m TOTAL %€ b‡

Renewables 2005: Global Status Report Global investment in renewable energy set a new record of $30 billion in 2004, according to a report produced by Worldwatch Institute for the Renewable Energy Policy Network for the 21st Century (REN21). Technologies such as wind, solar, biomass, geothermal, and small hydro now provide 160 gigawatts of electricity generating capacity, about 4 percent of the world total, the report finds. Renewable Energy Policy Network for the 21st Century (REN21) "Renewable energy has become big business," said Eric Martinot, lead author of Renewables 2005: Global Status Report. Martinot, who is a Senior Fellow at the Worldwatch Institute and a Lecturer at Tsinghua University in Beijing, notes that renewable energy is attracting some of the world's largest companies, including General Electric, Siemens, Sharp, and Royal Dutch Shell. The report estimates that nearly 40 million households worldwide heat their water with solar collectors, most of them installed in the last five years. Altogether, renewable energy industries provide 1.7 million jobs, most of them skilled and well-paying.

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