Countries around the world will require “an unparalleled ramp up” of clean technologies and a range of ambitious policies to prevent dangerous warming of the planet’s atmosphere, say international experts.
But they also lay out a plan that shows the expensive transformation — or “decarbonization” of the global economy — is possible and would save a lot more money than the costs of continuing business as usual.
These are among the findings in a new 203-page report released by the International Renewable Energy Agency — a partnership made up of governments from around the world — based on a set of different scenarios. The decarbonization would also lead to lower energy bills for consumers, the report said.
“Reducing the impact on human health and mitigating climate change would save between two- and six- times more than the costs of decarbonization,” said the report, that was reviewed by more than three dozen energy experts from around the world.
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