Future Energy Outlook (FEO), a highly granular energy transition planning tool, shows that investing an additional $1.7 trillion on transmission infrastructure by 2040 would collectively cut electricity decarbonisation costs by $3 trillion globally. FEO beta will be launched at COP28 by climate analytics non-profit TransitionZero. A study ‘Cables to Change the World’, which utilises the FEO platform, examined the primary risk to the global clean energy transition: the urgent need to modernise grids to access – and optimise for – low-cost renewable power. For the first time, the study quantifies…
Read MoreCountries can save $3 trillion on net-zero power systems by 2040 from global grid upgrades
