New Energy Could Save $$$Millions

Switching to renewable energy could save trillions – study

Jonah Fisher, 13 September 2022 (BBC News)

“Switching from fossil fuels to renewable energy could save the world as much as $12tn (£10.2tn) by 2050, an Oxford University study says…Gas prices have soared on mounting concerns over energy supplies…[and] going green now makes economic sense because of the falling cost of renewables…

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…[Historic price data for renewables and fossil fuels show] the price of renewables will continue to fall is based on ‘probabilistic’ modelling, using data on how massive investment and economies of scale have made other similar technologies cheaper…Wind and solar are already the cheapest option for new power projects, but questions remain over how to best store power and balance the grid when the changes in the weather leads to fall in renewable output…[but the] likely costs have been over-estimated…[and the transition to renewables is likely to have] a net economic benefit…” click here for more

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