Fossil Fuels Phased Out: Renewable Surge Tackles Climate Crisis
The article discusses how to reduce global warming by using more renewable energy and less fossil fuel. The researchers suggest giving subsidies to renewables now and gradually increasing taxes on carbon emissions. This will lead to a future with less global warming, more renewable energy, and less fossil fuel use. The optimal carbon tax is not a fixed percentage of the world's economy. The impact of climate change is more serious than the benefits of learning by using renewable energy.