Modelling shows move to 100% renewable energy would save Australia money

Transitioning Australia to 100% renewable energy by 2050 would cost less than continuing on the current path, according to a new report…Building the infrastructure to supply renewable energy for all electricity, transport and industry would cost about $800bn between now and 2050, the report from the institute for sustainable futures at the University of Technology Sydney, found…That’s about $650bn more than continuing with the status quo. But by removing the need for fossil fuels such as coal, gas and oil, it would save the economy up to $740bn, saving $90bn over the period to 2050, the report found.

>more> TheGuardian

About groundswellbasscoast

This is on behalf of local climate change group. Material is selected by Bernie McComb and does not necessarily represent opinion of whole group.
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