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Yes. HUGE COST SAVINGS transitioning to renewable energy.
$6 trillion for 2018 fossil-fuel based energy system overall
$1 trillion for 2039 system based on a majority of solar and wind
via @harrybenham_1 https://twitter.com/emahlee/status/1162180546228715520 …
THREADhttps://twitter.com/AlexSteffen/status/1164216727586033664 …
"We should be talking not about the cost of climate action to the global economy, but rather, the incredibly high cost of staying on the fossil fuel system" ~ @GregorMacdonald
2/https://twitter.com/GregorMacdonald/status/1082024652451471360 …
"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." ~@arhobley of @CarbonBubble
3/https://twitter.com/emahlee/status/1163232636807995394 …
"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." 4/
"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." /END
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