Investment company, Goldman Sachs’ recent research forecasts renewable energy to be cheaper than other forms of power by 2020.
Alberto Gandolfi, from Goldman Sachs Research said,
What started as a decarbonisation process – thanks to better technology – is about to become a process driven by costs and the economics.
This sounds like more proof that Carbon Fee and Dividend will work. CF&D would drive up the price of fossil fuel and their products and speed up the consumer switch to clean – and now cheaper – alternatives.
It would also give investors confidence that divesting in fossil fuel and investing in the alternatives is the clever move.
The resulting fall in carbon dioxide levels would be a big win for the climate and our planet.
Which begs another question: why is the UK forging ahead with a new nuclear reactor when the cost of renewable power is falling and the technology is coming on in leaps and bounds?
Written by Louisa Davison, 29 August 2017
Views expressed here not necessarily shared by Citizens Climate Lobby.