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 …
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Emily Cunningham Retweeted Gregor Macdonald
"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 …Emily Cunningham added,
Gregor Macdonald @GregorMacdonald5/ 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, where at least half of all the energy the world pays for is lost to the atmosphere. With oil, the losses are even higher.Show this thread1 reply 0 retweets 0 likesShow this thread -
Emily Cunningham Retweeted Emily Cunningham
"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 …Emily Cunningham added,
Emily Cunningham @emahlee"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/Show this thread1 reply 0 retweets 0 likesShow this thread -
"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/
1 reply 0 retweets 1 likeShow this thread
"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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