$15 trillion: this is the amount of money to be invested in new power capacity globally over the next three decades. Most of this—80 percent—will be poured into renewables. This certainly makes the energy transition far from cheap, but no one—at least no one reputable—ever said going green would be cheap. Yet the amount of investments to be directed towards expanding wind, solar, and associated systems will not be the only costs to be borne during the transition. There may well be steep environmental costs as well. BloombergnNEF, which conducted the analysis that resulted in the investment estimate for the next 30 years in energy, also said that between 2020 and 2050, another $14 trillion will be invested in the grid, likely to adapt it for a surge in solar and renewable power deployments, which, according to the analysis, will constitute 56 percent of total global generation capacity by […]