ENERGY: THE COSTS OF SWITCHING TO RENEWABLE ENERGY WILL HIT THE SUPER-WEALTHY HARDEST

A new study says a future fuelled by sustainable energy is possible, if the top 10 per cent are prepared to accept some losses

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The urgent need for solutions to the climate crisis was made clear in the International Panel on Climate Change's climate report published earlier this year, but who will pay for them? According to a new study, it will be the super-wealthy.

According to the study, published in the journal Joule, a transition to renewable energy would have a low impact on the majority of people - despite previous assumptions that moving away from fossil fuels would negatively impact retirement plans and savings.