Yet more evidence that the energy transition is possible
An empirical study carried out by Oxford University concludes that cost projections for developing renewable energies such as solar, wind, batteries and other storage systems have been historically misestimated over the last century, and that a rapid transition from fossil fuels to renewables would be capable of generating some $12 trillion in savings globally.
The evidence could be clearer: the doomsayers who for decades have insisted that an energy transition is too expensive to implement need to revise their estimates, and opt to get on the program now by dismantling fossil fuel facilities and replacing them with numerous oversized solar and wind plants, with the corresponding storage systems needed to stabilize supply. Doing so would not only avoid some of the most serious effects of the catastrophes caused by the climate emergency, the cost of which has not even been taken into account in the estimation model, but would also generate very significant economic savings.
To all intents and purposes, fossil fuels are already an obsolete technology that we must…
