Rapidly shifting away from the fossil fuels that have underpinned economies for more than a century will require nations to do much more, however. Over the next decade, governments and companies would need to invest three to six times the roughly $600 billion they currently spend annually on encouraging clean energy and cutting emissions, the report said. The new report examines dozens of strategies proposed by scientists and energy experts to help nations make the transition. First, countries would need to clean up virtually all power plants worldwide that generate electricity for homes and factories. That could entail expanding public transit, upgrading insulation so homes consume less energy, recycling more raw materials and making factories more energy efficient.

Source: New York Times April 05, 2022 22:30 UTC