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Would you sacrifice economic stability for quicker renewable energy adoption at the expense of higher cost of living?
The National Bureau of Economic Research (NBER) forecasts renewables push could cost the economy up to $483 billion per year and lead to a long-term decline in real GDP of 2-3%. Partly because adapting production methods to low-carbon technologies requires massive, costly investments that increase the marginal cost of production in the short term.
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