From Liam O'Keeffe, Abinger Hammer, Surrey, UK
While I agree with your leader about the political response to global warming, I believe that you are too pessimistic when you say that “dealing with climate change comes with a cost”. (25 May, p 5)
On the contrary, making the transition to renewable energy is a natural investment. As the price of energy storage comes down, the marginal cost of renewable energy generation is falling to zero, since wind, sun and waves are free resources. This is in sharp contrast to hydrocarbon fuels that must be extracted at great cost.
Countries that continue to invest in hydrocarbon resources are saddling themselves with technology that will soon be obsolete and unable to compete directly with renewable energy. Those that lead the way with renewables will enjoy a competitive advantage in global markets. For once, greed is good!
Advertisement
