"Our financial analysis has demonstrated that actually clean energy and renewables are increasingly becoming the cheaper option." 2/
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Excited by everything I'm learning from @CarbonBubble. Financial markets are waking up to the reality: renewable energy is the cheaper, more efficient option. In other words– the future. Fossil fuels will peak in the 2020s. Listen to @arhobley explain why:https://www.carbontracker.org/tools-and-insights/why-are-financial-markets-are-important-for-the-low-carbon-transition/ …
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"It is more cost effective to invest in many, many places around the world in modern, clean, renewable technology than it is the incumbent 19th and 20th century [fossil fuel] technologies." 3/
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"It is actually business-as-usual [fossil fuel] investments that are likely to cost money, be more expensive, require a huge amount of grid infrastructure, and actually destroy value in companies and the financial markets. The financial markets are waking up to this." 4/
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"Clean energy solutions are cheaper. The major oil & gas companies are incredibly exposed to the transition, and.. they risk destroying a lot of value [which] sits in...our investments. What’s exciting in recent years is that central banks have started to understand this." 5/
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"Leaving aside the [huge cost of unabated emissions and climate change], low carbon solutions, clean energy and renewables are just cheaper. You don’t need a lot of expensive grid. 6/
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"In much the same way in developing countries we don’t have a fixed line telephone system. We’d never *dream* of investing billions in that kind of old fashion infrastructure. You’d move directly to mobile telecom...I think we’re in a similar phase in the energy transition." 7/
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"The new mindset and the new reality – underpinned by the numbers and financial analysis – is: already in many places it is cheaper, and in a very short period of time it will be cheaper in most places, if not everywhere, to invest in the lower carbon transition." 9/
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"So, actually it will cost us to to go down business-as-usual pathway using old, 19th and 20th century tech. It will be much cheaper to go down a clean, low carbon transition using 21st cheaper, more-cost-effective technology." /end
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End of conversation
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Thanks Emily. A fantastic summary of news of epic proportions. I've been reading Carbontracker articles for years and your summations are brilliant. Kingsmill Bond did a great presentation a year or two ago on why we should be seeing the RE revolution coming.
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Yes! I've been watching videos of Bond on
@carbonbubble. Haven't tweeted them yet because I haven't had time to quote the juicy parts. But, soooo good. Everyone should get this info. I used to hope the fossil fuel economy was dying, now I know for sure that it is. - 4 more replies
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