The Forum > General Discussion > Three separate studies conclude that GDP could take a hit if renewable energy transition is delayed
Three separate studies conclude that GDP could take a hit if renewable energy transition is delayed
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A study by Ortec Finance states: "Under .... a delayed transition scenario, the average Australian superannuation fund could see around 9% decline in investment returns by 2050, whereas an orderly transition helps superannuation funds to exceed current expectations."
An analysis from the Australian Treasure regarding transitioning states: "Real GDP per capita is expected to increase by $12,000 in 2035 and $36,000 in 2050.
Employment is projected to rise by 5.1 million by 2050.
The economy could be $2 trillion smaller by 2050 under a disorderly Transition Scenario."
A third study by the Investor Group on Climate Change concludes there is a possible "$6.8 trillion GDP hit if renewable energy transition is delayed."
It's easy for energy transition alarmist to dismiss the push for renewables as being all about ideology.
When it becomes about economics few will care if these denialists are left behind.