3 ms·
True, but also we need to also do a rethink of how the savings from decarbonization are socialized on the form of higher quality of life available at a lower co
by danans 6y ago
True, but also we need to also do a rethink of how the savings from decarbonization are socialized on the form of higher quality of life available at a lower cost to more people.
If most of the savings of decarbonization go to capital, we will end up just bringing our current issues with growing wealth inequality into the decarbonized economy.
Developed economies should lead the way on this by demonstrating how a high quality of life can be preserved with decarbonization at population scale.
That means not just for the wealthy to build net zero eco-mansions and drive Teslas, but for most regular people's energy bills (for both home and transportation) to drop to near amortized capital investment cost
of renewables plus the marginal cost of producing renewable energy, which should be far lower than fossil fuels.