Climate Change and Renewable Energy
Special Presidential Envoy for Climate John Kerry says hitting climate goals will cost between 2.5 to 5 trillion dollars annually for the next 30 years. He believes China might not actually use the new coal plants they're building due to the massive amount of renewable energy being deployed.
Key Points
- Cost of 2.5 to 5 trillion dollars annually for next 30 years to reach climate goals
- China building coal plants but also leading in deployment of renewables
- Private sector may play a key role in financing climate initiatives
Pros
- Massive deployment of renewable energy globally
- Potential for China to shift away from coal towards renewables
Cons
- High financial cost to achieve climate goals