Energy Darwinism II. Why a Low Carbon Future Doesn’t Have to Cost the Earth

The report by Citi Global Perspectives & Solutions (Citi GPS, a division of CitiGroup) assesses the economic costs and benefits of a low-carbon future. Citi forecasts that the sums of money to be spent on energy (both capital expenditure and fuel) over the next quarter century will be around $200 trillion. The report outlines two scenarios: a business as usual or ‘Inaction’ on climate change scenario, and a different energy mix that offers a lower carbon alternative. The report finds that out to 2040 the ‘Action’ scenario results in an undiscounted saving of $1.8 trillion over the period.

Read more on Citi GPS webpage.

Categories

  • Economy & Carbon markets
  • Energy
  • Policy & Negotiations

Tags

  • Economic costs
  • Energy costs
  • Low-carbon investments