The IPCC (Intergovernmental Panel on Climate Change) released the third report on climate change on April 15 which is the most alarming of the recent findings. In a nut
shell, the report concludes that climate change can be averted, and the world can afford to transition to clean energy.
IPCC Report on Climate Change
The critical points of this comprehensive report include:
- The least expensive and proposed best way to avoid catastrophic effects of climate change is to abandon fossil fuels over the next decade and triple the clean energy production by 2050.
- If coal is abandoned, fracking is identified as a transitional approach and a fundamental process that could bridge the world to renewable energy.
- It is estimated that transitioning from fossil fuels to renewable energy, will reduce the anticipated annual economic growth by only 0.06%. While significant, the IPCC dismissed the notion that this move would destroy the economy.
Essentially, the report suggests that the only way to temper climate change is to make a massive move to clean energy.