Renewables in 7, 6, 5, 4, …

To truly kickstart the transition towards 100% renewables by 2050 (at the latest), governments will need to increase global annual renewable energy investments four-fold. That means US$1.3 trillion by 2030, according to IRENA. You might be thinking: “Whoa, that’s a lot, too much!”. But really, it’s fine — especially when the alternative is taken into account.  The annual costs of climate damages and deadly air pollution from fossil fuels would amount to $4 trillion — costs that mainly would impact the poor. Similar investment growth is needed for energy efficiency, in all sectors. During the same period, investments in fossil … Continue reading Renewables in 7, 6, 5, 4, …