Will the clean energy transition be cheaper than we thought?
For years we’ve been hearing that the clean energy transition is going to be expensive. But the recent working paper, Empirically grounded technology forecasts and the energy transition, suggests that the high estimates of the expense to transition to renewable energy have been inflated, and that it may in fact be cheaper to transition to renewables than to stay on fossil fuels, regardless of the costs of the changing climate. Using probabilistic cost forecasting methods, the authors of the p...