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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"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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