Today, INET Oxford Senior Research Officer Dr Matthew Ives and colleagues released a new report setting out how the revolution in renewable technology can put us on track to keep global warming well below 2 degrees.
A decisive green transition – one in which current growth rates in renewables continue for the next decade – can achieve almost all the emissions reductions needed to match the ambition of the Paris Agreement.
Remarkably, the report shows that this decisive green transition:
- is likely to be much less expensive than continuing with the current fossil-fuels based system;
- can provide a steady and secure flow of energy – it does not require any reduction in energy reliability;
- does not require any reduction in economic growth;
- and does not rely on currently unproven or potentially controversial technologies like carbon capture, second-generation biofuels, or new nuclear energy designs.
These findings draw on over a decade of rigorous research by the INET Oxford Complexity Economics team and others, looking at how predictable trends in renewables can help us achieve cheap, secure energy, a healthy economy, and a safer, greener world.