No. 2018-09 - The Tipping Point: How the G20 Can Lead the Transition to a Prosperous Clean Energy Economy

Date: 25 May 2018

The world is approaching an historic tipping point. The cost of clean energy technologies such as solar, wind, and batteries are declining rapidly while their performance increases. These technologies have already become less expensive than new-build fossil fuel power generation in many regions and applications. In the coming 10-20 years it is highly likely that clean energy technologies will become less expensive than coal, oil, and gas electricity generation for almost all regions and all applications. When this tipping point is reached, clean, modern, cheap energy infrastructure will rapidly replace dirty fossil infrastructure. While this is good news, unfortunately this tipping point is not going to happen soon enough to prevent dangerous levels of climate change.

Eric Beinhocker J. Doyne Farmer Cameron Hepburn

Economics of Sustainability

No. 2018-09 - The Tipping Point: How the G20 Can Lead the Transition to a Prosperous Clean Energy Economy


Type: inet-working-paper

Beinhocker, E., Farmer, J. D. & Hepburn, C. (2018). 'The Tipping Point: How the G20 Can Lead the Transition to a Prosperous Clean Energy Economy'. INET Oxford Working Paper No. 2018-09.


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