Transition to Cleaner Energy Could Save World $12 Trillion by 2050, Study Says

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

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:

  • Researchers from Oxford University have found that a switch to a decarbonized energy system by 2050 could save the world $12 Trillion.
  • They found that renewable energy prices have been decreasing for decades and will beat fossil fuels across all applications in the near future.
  • Moving towards renewable sources will make them cheaper and faster, resulting in financial savings.

Top 5 Newsletter

The Top 5 Happy Eco News stories delivered to your inbox - every Monday.

Sign up now!

Leave a Reply

Your email address will not be published. Required fields are marked *

Support Us.

Happy Eco News will always remain free for anyone who needs it. Help us spread the good news about the environment!