Green transition creates new risks and rewards

 Green transition creates new risks and rewards
Credit: CC0 Public Domain

Different countries face different risks and opportunities as the world switches from fossil fuels to renewable energy, researchers say.

Green policies have traditionally been seen as costly to countries who implement them, while other nations can do nothing and “free-ride”—leading to global inaction on the climate crisis.

However, the research team—led by the universities of Exeter, Cambridge, the Open University and Cambridge Econometrics—say this is a “poor description” of today’s reality.

Instead, they say the transition is already happening and, for many…

Read full article…phys.org