Could new technology solve climate change?

It is already clear that significant progress on mitigating climate change can be achieved through a move to zero-carbon energy, reducing deforestation and adjusting how we grow food and what we eat. Renewable energy is increasingly becoming cheaper to produce than fossil fuels – one recent Oxford University study suggests that replacing fossil fuels with clean energy could bring global savings of up to $12 trillion by 2050. And the International Energy Agency has found that there is now more employment in ‘clean energy’ – including renewables, electric vehicles, energy efficiency and nuclear power – than in the fossil fuel industry, so the economic argument alone should provide sufficient incentive for rapid decarbonisation of the energy system.

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