Opinion | A Rapid Green Energy Transition to Save $12 Trillion and Avoid Catastrophic Tipping Points

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Sounds like a bargain but we have to act fast and with deep purpose.

that found the world is nearing several “disastrous” tipping points and may have already passed five.

Collapse of Greenland’s ice cap could cause a huge sea level rise, collapse of the Gulf Stream could disrupt rain billions of people depend on for food and abrupt permafrost melting could release methane into the atmosphere, theClimate disruption is already causing devastation worldwide, and it will accelerate unless we step up our global game. One-third of Pakistan is deluged in water, Europe has sweltered under punishing heat waves, China and the U.S.

“The terrifying picture painted by the United in Science report is already a lived reality for millions of people facing recurring climate disasters,” Climate Action Network executive director Tasneem Essop told the. “The science is clear, yet the addiction to fossil fuels by greedy corporations and rich countries is resulting in losses and damages for communities who have done the least to cause the current climate crisis.

Although cost was never an excuse to ignore or downplay climate change, it’s become clearer that addressing the crisis is an economic winner. Oxford University researchers found shifting from carbon-intensive fuels could save the world US$12 trillion by 2050.

Source: Energy Industry News (energyindustrynews.net)

 

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