Explosion of clean energy to upend economy, but may not be fast enough

Solar Africa Malawi panels transition from Alamy 29Apr21 575x375
By Jon Hay
29 Apr 2021

The economic potential of renewable energy is awesome, and should make fossil fuels obsolete by 2050, according to a new study by Carbon Tracker. But despite the compelling cost arguments for renewables, an enormous political effort will still be needed to accelerate their adoption if disastrous climate change is to be avoided.

How this transition plays out will have profound implications for financial markets, as it will determine the rate at which fossil fuel-dependent business models become challenged and, ultimately, lose viability.

The report, The Sky’s the Limit, argues the world could feasibly produce from wind and solar 100 times ...

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