NewEnergyNews: New Forecast Of Costs For Fighting The Climate Crisis/

NewEnergyNews

Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

The challenge now: To make every day Earth Day.

YESTERDAY

THINGS-TO-THINK-ABOUT WEDNESDAY, August 23:

  • TTTA Wednesday-ORIGINAL REPORTING: The IRA And The New Energy Boom
  • TTTA Wednesday-ORIGINAL REPORTING: The IRA And the EV Revolution
  • THE DAY BEFORE

  • Weekend Video: Coming Ocean Current Collapse Could Up Climate Crisis
  • Weekend Video: Impacts Of The Atlantic Meridional Overturning Current Collapse
  • Weekend Video: More Facts On The AMOC
  • THE DAY BEFORE THE DAY BEFORE

    WEEKEND VIDEOS, July 15-16:

  • Weekend Video: The Truth About China And The Climate Crisis
  • Weekend Video: Florida Insurance At The Climate Crisis Storm’s Eye
  • Weekend Video: The 9-1-1 On Rooftop Solar
  • THE DAY BEFORE THAT

    WEEKEND VIDEOS, July 8-9:

  • Weekend Video: Bill Nye Science Guy On The Climate Crisis
  • Weekend Video: The Changes Causing The Crisis
  • Weekend Video: A “Massive Global Solar Boom” Now
  • THE LAST DAY UP HERE

    WEEKEND VIDEOS, July 1-2:

  • The Global New Energy Boom Accelerates
  • Ukraine Faces The Climate Crisis While Fighting To Survive
  • Texas Heat And Politics Of Denial
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    Founding Editor Herman K. Trabish

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    WEEKEND VIDEOS, June 17-18

  • Fixing The Power System
  • The Energy Storage Solution
  • New Energy Equity With Community Solar
  • Weekend Video: The Way Wind Can Help Win Wars
  • Weekend Video: New Support For Hydropower
  • Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

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      A tip of the NewEnergyNews cap to Phillip Garcia for crucial assistance in the design implementation of this site. Thanks, Phillip.

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    Pay a visit to the HARRY BOYKOFF page at Basketball Reference, sponsored by NewEnergyNews and Oil In Their Blood.

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  • WEEKEND VIDEOS, August 24-26:
  • Happy One-Year Birthday, Inflation Reduction Act
  • The Virtual Power Plant Boom, Part 1
  • The Virtual Power Plant Boom, Part 2

    Friday, January 28, 2022

    New Forecast Of Costs For Fighting The Climate Crisis

    McKinsey: fundamental transformation of global economy needed for net zero; $9tn of annual investment required to avoid most catastrophic climate impacts, consultancy says

    Damian Carrington, 25 January 2022 (UK Guardian)

    “…$9.2tn will need to be invested every year for decades to limit the global temperature rise to 1.5C and end the climate emergency... [According global consultant McKinsey, that] is a 40% increase on current investment levels and equivalent to half of global corporate profits…[The vitally needed] economic transformation will affect every country and every sector, with those most reliant on fossil-fuel-burning experiencing the most change…[T]he transition will be front-loaded with, for example, the cost of electricity rising before falling later…[but there will be low-carbon investment opportunities that] lead to a lower-cost, more efficient economy…

    …[T]he transformation becomes more expensive the longer action is delayed…[and this] front-loaded transformation raises a ‘critical question’ of who will pay and whether higher costs of electricity, steel and cement are passed on to people or whether those on low-incomes are protected by governments…[I]nvestment in energy, transport, buildings, industry and agriculture would need to rise by $3.5tn, with an additional $1tn of today’s spending switching from high-carbon to low-carbon goods, such as electric cars and heat pumps…

    …[The cost’s percent of GDP start at] 6.8%, rising to as much as 8.8% between 2026 and 2030 before falling…[E]lectricity costs could rise by 25% by 2040 before falling below today’s levels after 2050, because of the lower operating cost of renewable energy. Steel and cement face cost increases of about 30% and 45% respectively…” click here for more

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