No. 2017-11 - The Tipping Point: How America Can Lead the Transition to a Prosperous Clean Energy Economy

Date: 10 August 2017

The world is approaching a historic tipping point. Rapid advances in price and performance are bringing clean energy technologies ever closer to the point where they beat fossil fuel technologies on the merits; where they are quite simply cheaper and better. Solar and wind are already beating coal in a number of situations and locations. Once this tipping point is broadly reached, the full might of markets will come to bear and drive a wave of transformation that will replace the fossil fuel economy with a clean energy economy. Betting on coal at this point in history is about as smart as betting on typewriters in 1976—the year Apple released its first personal computer. This paper will argue that it is almost inevitable that the U.S. and the world will reach this tipping point, but ...

Eric Beinhocker

Complexity Economics Economics of Sustainability

No. 2017-11 - The Tipping Point: How America Can Lead the Transition to a Prosperous Clean Energy Economy


Type: inet-working-paper

Beinhocker, E. (2017). 'The Tipping Point: How America Can Lead the Transition to a Prosperous Clean Energy Economy'. Prepared for the Aspen Institute Congressional Program, Energy for America: Challenges, Opportunities and Solutions, Oslo Norway, 9-15 August, 2017. INET Oxford Working Paper No. 2017-11.


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