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Humoring the Horror of the
Converging Emergencies
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Shift to Low-Carbon Economy Could Free Up $1.8 Trillion, Study Says http://apocadocs.com/s.pl?1413216721
A pair of new studies are part of a growing international effort to assess the costs and benefits of moving on from burning fossil fuels to clean energy.... One report finds that ridding our electricity and transportation systems of carbon could free up trillions of dollars for investment in green energy.
Decarbonizing the electricity system, it finds, would save $1.8 trillion over the coming two decades by avoiding the high operating costs of using fossil fuels--coal and natural gas--to generate power. The lower operating costs of wind and solar electricity would offset the higher financing costs of renewables, as well as the write-offs of existing assets like coal plants that would have to be shut down.
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[Read more stories about:
renewable energy, health impacts, climate impacts]
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'Doc Jim says:
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If only we weren't calcified in coal.
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