How Replacing Coal with Renewable Energy Could Pay for Itself

Chile has set an ambitious target to convert 70% of its total energy consumption to renewables by 2030 and become carbon neutral by 2050. Through broad-based political support, public-private partnerships, and innovative green technologies, Chile offers a playbook for policymakers around the world to transition towards renewable energy.
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Chile has set an ambitious target to convert 70% of its total energy consumption to renewables by 2030 and become carbon neutral by 2050. Through broad-based political support, public-private partnerships, and innovative green technologies, Chile offers a playbook for policymakers around the world to transition towards renewable energy.

Reading Time: < 1 minute

Takeaways:

  • Transitioning from coal to renewable energy can result in an economic gain of $78 trillion.
  • The benefits of ending coal use come from avoiding damage from climate change and harm to people’s health.
  • Moreover, public-private partnerships to finance the replacement of coal with renewables could accelerate the green transition.

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