InClimate 795; Switching to Clean Energy Is Cheap

Cleaning up the fossil fuel energy economy would do wonders for human health, the health of the environment and the health of all creatures - so why hasn’t it happened? The costs associated with a change to clean energy is sometimes stated, but those costs are often overstated. The change over will be cheap and the consequences of inaction expensive.

A 2014 report, “Energy Technology Perspectives”, from the International Energy Agency (IEA) showed the switch to renewable energy with a strategy to hold global warming below the 2º Centigrade danger zone (IEA 2DS scenario) would require only 1% of global gross domestic product (GDP) per year.

“The $44 trillion additional investment needed to decarbonise the energy system in line with the 2DS by 2050 is more than offset by over $115 trillion in fuel savings - resulting in net savings of $71 trillion.”

These findings are consistent with other reports and are not really controversial. The politicians, pundits, policy makers and oil, gas & coal barons may be worried about losing their cut of that $115 trillion in fuel savings.,51005,en.html

Leave a comment