Empirically grounded technology forecasts and the energy transition
Decisions about how and when to decarbonize the global energy system are highly influenced by estimates of the likely cost. Here, we generate empirically validated probabilistic forecasts of energy technology costs and use these to estimate future energy system costs under three scenarios. Compared to continuing with a fossil fuel-based system, a rapid green energy transition is likely to result in trillions of net savings, even without accounting for climate damages or climate policy co-benefits.
Source: cell.com