Aerial view of a wind-solar hybrid photovoltaic power station on September 12, 2020 in Zaozhuang, Shandong Province of China. Credit: Li Zongxian/VCG via Getty Images The world must get to net-zero carbon emissions by mid-century, and can make it happen for a cost that is relatively small in global terms, $1 trillion to $2 trillion per year, a new report has concluded. The report was released this week by the Energy Transitions Commission, a think tank whose members include global industry giants like BP. The report said that electricity should replace fossil fuels across the economy, rather than setting up systems that allow for some emissions that would need to be offset by carbon-removal technologies. Researchers and environmental groups have been saying similar things for years, but the message may be more influential coming from an organization tied to big businesses. “An exercise like this, done with this group of people, has more political heft than if it was a bunch of academics in the basement,” said David Victor, an international relations professor at the University of California San Diego and co-chair of the Brookings Institution’s energy and climate initiative. The commission has a roster of major players from […]

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