Good news — the cost of clean energy is falling dramatically
An analysis suggests that for $20 a person per year, it’s possible to eliminate net carbon emissions from the US power grid within 30 years
22 September 2020 - 14:25
As the harm from climate change becomes increasingly manifest, there is some good news: the estimated cost of reducing carbon emissions is falling rapidly. One dramatic example is an analysis by Geoffrey Heal of Columbia University showing that it would cost only $6bn a year for the US to move to carbon-free electricity generation by 2050.
Even if the precise numbers are off, Heal is right to emphasise that the transition to cleaner energy is much less costly today than it used to be. Three forces are changing the math...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.