According to a recent paper from the University of Oxford, a clean energy transition could actually save the world $26 trillion This claim contradicts Nobel Prize-winning economist William Nordhaus, who argued that the transition will have to take place slowly to counter major costs If proven true, this new report could significantly accelerate the transition away from fossil fuels and toward renewable energy An economic model of “decisive transition” away from fossil fuels and toward a clean energy economy shows that rapid decarbonization not only wouldn’t break the bank — it would save the world a whopping $26 trillion in energy costs over the coming decades, in addition to allowing the global community to meet the climate targets set by the Paris agreement and saving untold numbers of lives from deaths related to air pollution resulting from combusting fossil fuels. This model contrasts greatly with the common thinking that […]