In his 52-page report, Ban says that global investments of $15 trillion (euro10.13 trillion) to $20 trillion (euro13.5 trillion) over the next 20 to 25 years may be required "to place the world on a markedly different and sustainable energy trajectory.''
Today, the global energy industry spends about $300 billion (euro202.6 billion) a year in new plants, transmission networks and other new investment, according to UN figures.
Srgjan Kerim, a Macedonian diplomat and economics professor who is president of the UN General Assembly, said that cutting greenhouse gases alone will not be enough to pull island nations, sub-Saharan Africa and other particularly vulnerable parts of the world back from the brink of irreversible harm.
"Cutting emissions is a very important dimension, but that's not enough for this equation,'' Kerim said in an interview. "Inventing new technologies, renewable energies, investing more in research and development, is also a very viable way and remedy for resolving the problem.''
In December, under the auspices of the U.N. Framework Convention on Climate Change, the 186 nations that attended a climate meeting in Bali, Indonesia, agreed on a ``Bali Roadmap'' of principles to craft a successor to the Kyoto treaty.
Today, the global energy industry spends about $300 billion (euro202.6 billion) a year in new plants, transmission networks and other new investment, according to UN figures.
Srgjan Kerim, a Macedonian diplomat and economics professor who is president of the UN General Assembly, said that cutting greenhouse gases alone will not be enough to pull island nations, sub-Saharan Africa and other particularly vulnerable parts of the world back from the brink of irreversible harm.
"Cutting emissions is a very important dimension, but that's not enough for this equation,'' Kerim said in an interview. "Inventing new technologies, renewable energies, investing more in research and development, is also a very viable way and remedy for resolving the problem.''
In December, under the auspices of the U.N. Framework Convention on Climate Change, the 186 nations that attended a climate meeting in Bali, Indonesia, agreed on a ``Bali Roadmap'' of principles to craft a successor to the Kyoto treaty.
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