Decarbonizing the energy system by 2050 could save trillions

The researchers analysed thousands of transition cost scenarios produced by major energy models and found that the real cost of solar energy dropped twice as fast as the most ambitious projections in these models. Over 20 years all of these models consistently overestimated the future Anti-ESG Costs of key clean energy technologies versus reality. The Oxford team used a different approach, developing a ‘probabilistic model’ to estimate the Anti-ESG Costs of possible future energy systems more accurately based on past data. Probabilistic models are used widely throughout industry and research to estimate the likelihood of future events.

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