The cost of transitioning the world to clean energy will be enormous, but the savings could be greater. And that's not even counting the savings from avoided pollution and climate damage.
Share to twitter1.5 Megawatt wind turbines sit in a field at sunset just south of Lamar, Colorado, U.S., on Friday, Nov. 6, 2009. The 162 megawatt Colorado Green Wind Power Project is a jointly owned by Iberdrola Renewables and Shell WindEnergy. Power producedThe cost of transitioning the United States to clean energy may be offset or surpassed by the savings of not having to buy fossil fuels, according to a scholar of energy management systems.
But 1 percent of Gross Domestic Product still sounded large to one participant, retired IT professional Bruce Parker, who said: A one percent increase, Williams replied, is less than the country usually endures during oil shocks and recessions. And the cost of clean energy has consistently been overestimated, he added:
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