impacts of fossil fuels, and governments party to the Paris agreement prepare for COP27, a November summit in Egypt.
"This study shows that ambitious policies to dramatically accelerate the transition to a clean energy future as quickly as possible are not only urgently needed for climate reasons, but can save the world trillions in future energy costs, giving us a cleaner, cheaper, more energy secure future," he said.
As the researchers detailed in their paper:"We use an approach based on probabilistic cost forecasting methods that have been statistically validated by backtesting on more than 50 technologies. We generate probabilistic cost forecasts for solar energy, wind energy, batteries, and electrolyzers, conditional on deployment. We use these methods to estimate future energy system costs and explore how technology cost uncertainty propagates through to system costs in three different scenarios.
oxmartinschool Some people just aren't getting it. 2050 will be too late. The deadline required is 2030. We can still do it, but we need to approach the problem on a wartime footing.
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