Renewables Likely Cost Less Than Previously Thought, Study Finds

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Takeaways:

  • A report from the University of Oxford’s Institute of New Economic Thinking states that the cost of renewable energies might be less than we previously thought.
  • This is largely a factor of improvements in infrastructure which helps reduce costs.
  • The report found that a fast transition to renewable could lead to a net saving of trillions of dollars and could help us reach a near net zero emissions energy system in 25 years.

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