«Financing the Green energy transition makes climate and economic sense! Why is there a debate?», asks Gabon’s Minister of Environment

Gabon's minister of Environment, Lee White © ARR

Gabon is widely considered as a model in the fight against climate change. The Central african country hopes to create its first batch of carbon credits by late October, in time for Cop27. Today, its minister of Environment, Lee White, has commented on an article published on the BBC website, which is entitled « Switching to renewable energy could save trillions ». Here’s an extract of this article. 

Switching from fossil fuels to renewable energy could save the world as much as $12tn by 2050, an Oxford University study says.

The report said it was wrong and pessimistic to claim that moving quickly towards cleaner energy sources was expensive.

Gas prices have soared on mounting concerns over energy supplies.

But the researchers say that going green now makes economic sense because of the falling cost of renewables.

« Even if you’re a climate denier, you should be on board with what we’re advocating, » Prof Doyne Farmer from the Institute for New Economic Thinking at the Oxford Martin School told BBC News.

« Our central conclusion is that we should go full speed ahead with the green energy transition because it’s going to save us money, » he said.

« Our latest research shows scaling-up key green technologies will continue to drive their costs down, and the faster we go, the more we will save, » says Dr Rupert Way, the report’s lead author from the Smith School of Enterprise and the Environment.

Read this article in full on the BBC website.