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Green energy will save the world trillions of dollars

21.09.2022

A post-carbon transition study by the Oxford Martin Program shows that a decisive transition to nearly 100% clean energy by 2050 will result in $12 trillion in energy cost savings. Other benefits of this move include providing more energy to the global economy and increasing access to energy for people around the world.

The results are based solely on the cost of various energy technologies and do not take into account the costs associated with climate damage and adaptation to climate that could be avoided by switching to clean energy.

The research team used major energy models to analyze thousands of transition cost scenarios and found that over 20 years, all models consistently overestimated future cleantech costs, while the real cost of solar fell twice as fast as the most ambitious projections.

The team then used a more accurate probabilistic model to estimate the cost of possible future energy systems based on past data for 50 different technologies, including 45 years of solar energy costs and 37 years of wind energy costs. The model showed that the potential for further reductions in green energy costs is so high that it is the best path for a post-carbon transition.

Only a few years ago it was thought that net zero by 2050 would be so expensive that it was hardly credible, but now even the most pessimistic models are proving that this is not the case. The study also demonstrated that scaling up key green technologies is likely to reduce their cost so much that they bring absolute cost savings overall, and the sooner the transition begins, the more the world will save.

"Accelerating the transition to renewables is now the best bet, not only for the planet, but also for energy costs," the authors of the study said.

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Science requires sacrifice 02.04.2003

Scientists are exposed to more stress at work than employees of commercial companies. This conclusion was reached by the authors of a psychological study conducted on more than 900 teachers at the Massachusetts Institute of Technology (USA).

More than 60 percent of those surveyed say they feel emotionally and physically drained at the end of the working day, and 78 percent complain that no matter how hard they try, they don't get everything done in a day. For comparison: only half of the surveyed employees of various firms noted the same fatigue from work.

Two-thirds of MIT employees are dissatisfied with the hectic pace of their work and the intense stress they are exposed to. Two-thirds work 60-hour weeks or more, while in 1989 less than half had such busy work schedules.

More than 50 percent of respondents say that this stress has a bad effect on family life and relationships in the workforce. Women and those who do not have a permanent position, but work temporarily, under an employment contract that will not necessarily be extended, feel especially great stress.

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