Governments must switch from fossil fuels to nuclear, wind and solar energy to avoid a global warming catastrophe in a move costing about 300 billion ($578 billion) a year, a United Nations report warns today.
The study by the UN's Intergovernmental Panel on Climate Change lays out the pressing need for the world to ditch coal and oil and switch to green energy.
The report is likely to spark a new row over the cost of countering global warming, as climate change sceptics urge governments not to succumb to a green agenda, alleging it would drive up living costs for the rest of the century.
A leaked draft of the report provides a blueprint on how to tackle climate change, including not only the switch to green energy but even what people should eat. It claims:
• An estimated 300 billion a year is needed for investment in low-carbon sources of electricity such as nuclear, wind and solar energy over the next 20 years;