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Shift to low-carbon economy could free up $1.8 trillion

13 Oct 2014

Solar power stations in Andalusia, Spain.
Solar power stations in Andalusia, Spain.

By JOHN CUSHMAN.- Decarbonising the electricity system worldwide would save $1.8 trillion over the coming two decades by avoiding the high operating costs of using fossil fuels, a new study finds.

The study comes as governments, businesses and investors ponder a future in which the world moves away from fossil fuels to avert a climate crisis, the implications for the global economy are getting high-profile attention.


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Related Topics:   Energy Transport United Nations

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'Get on with it': Greens push for pre-election solar law

Thu 9 Jul 2026

By Shannon Morris-Williams | The Green Party is calling on Parliament to pass legislation enabling low-cost household solar finance before the election, arguing there is now cross-party support following Labour's SolarSaver announcement and National's earlier Home Energy Fund pledge.

Govt backs hydrogen with national industry summit

Thu 9 Jul 2026

By Oli Lewis | The Government is convening a major hydrogen conference to promote awareness and uptake of the alternative fuel.

Pūkaki consent puts dry-year rules in spotlight

Wed 8 Jul 2026

Meridian Energy’s approval to draw Lake Pūkaki below its normal operating range has exposed a gap in New Zealand’s electricity security arrangements.

Faster consenting, harder trade-offs

Tue 7 Jul 2026

Faster consenting is starting to produce results, but this week's decisions show speed has not removed the harder trade-offs around electricity security, conservation, ecology and climate liability.

Contact: Protected geothermal fields must be opened to meet 2040 goal

Mon 6 Jul 2026

By Oli Lewis | A goal to double geothermal energy generation by 2040 using existing technologies is unachievable unless some protected fields are reclassified for development, Contact Energy says.

Fast-track panel backs proposed Haldon Solar Farm

Mon 6 Jul 2026

By Shannon Morris-Williams | The proposed Haldon Solar Farm in the Mackenzie Basin has moved to the final stages of the Fast-track Approvals Act process after the Fast-track Panel proposed granting approval for the project.

Taranaki offshore wind developer eyes mid-2030s commissioning after law change

3 Jul 2026

By Oli Lewis | The first offshore wind farm in New Zealand could be commissioned by the mid-2030s, with its developer saying a new permitting framework has bolstered investor confidence.

EECA seeks answers on NZ's future fuel mix

3 Jul 2026

By Shannon Morris-Williams | The Energy Efficiency and Conservation Authority is looking for specialists to assess the role future low-emissions fuels could play in New Zealand’s energy system.

Ed Harvey

Australia is at least ten years ahead of us on solar. It’s time we caught up.

3 Jul 2026

By Ed Harvey | OPINION: Starting this week, millions of households across New South Wales, South Australia and Southeast Queensland will have access to three hours of free electricity every single day.

Offshore renewable energy bill passes, opening path for developers

2 Jul 2026

By Oli Lewis | Feasibility permits for offshore wind developments could be issued within months after the Government passed a long-awaited law to establish a regulatory regime.

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