The cost of investing in clean energy is a moving target, even according to the exerts. One study estimated that it will take an annual investment of $320 billion through 2050 to meet these goals, which translates into a 43% to 286% annual electric bill increase.
Other studies estimate the cost of one part of this ambitious plan—even those costs are skyrocketing. A consulting firm estimated that the offshore industry will require at least $100 billion by 2030. Another survey estimated that building the EV charging infrastructure will take between $2 to $2.5 trillion by 2050.
This is just the tip of the iceberg, as these costs don't include the infrastructure investments in the grid and battery storage that are also required. With all these numbers floating around, the true cost of mitigating climate change doesn't add up.
Katherine Johnson, host of The KJ Show, will discuss this "funny math" used to estimate the cost of renewable energy at 11 a.m. Eastern Live on Wednesday (https://boldbravetv.com/11am-the-kj-show/) . Share your thoughts by calling 866-451-1451 or send your comments to
[email protected]Be sure to sign up for Dr. KJ's Energy Rx, a free weekly newsletter that explores these energy topics more in-depth.