“”A study published in the journal Joule found that switching to renewable energy could save the world at least $12 trillion by 2050, compared with continuing to rely on fossil fuels. The analysis concluded that a rapid transition to clean energy would not only reduce overall energy system costs, but also deliver more energy to the global economy and expand energy access worldwide.
The researchers found that the costs of solar power, wind energy, battery storage, electric vehicles, and green hydrogen have fallen much faster than many traditional energy models predicted. As these technologies continue to scale up, their costs are expected to decline even further, making clean energy increasingly competitive with fossil fuels across more sectors of the economy.
According to the study’s fast transition scenario, a largely fossil free global energy system by around 2050 could provide about 55% more energy services than today while lowering long term energy costs. The findings challenge the long standing belief that moving away from fossil fuels would be more expensive than maintaining the current energy system.
The study also highlights that renewable energy can help reduce exposure to volatile fossil fuel prices, strengthen energy security, and support global climate goals.🌍⚡
#RenewableEnergy #CleanEnergy #SolarPower #WindPower #EnergyTransition #BatteryStorage #ElectricVehicles””
https://m.facebook.com/story.php?story_fbid=pfbid021Z7bdbFGNCExor7UkRzUx2JdCHWKQPYi947HUUPd3wNHMnU8BayVAFd6CbuWM7rKl&id=100093822948697&mibextid=ZbWKwL
