Economic models ‘fundamentally inadequate’ at showing climate risk, report warns

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🗞️ Driving the news: President Donald Trump’s fossil fuel agenda faces challenges as clean energy continues to outpace fossil fuels in terms of price, scalability, and long-term growth
• While Trump pushes for a rollback of clean energy loans, including a significant $83bn worth of commitments from the Biden administration, the reality is that renewables like wind and solar power are dominating the market, especially in places like Texas

🌍 Why it matters for the planet: The US is at a crossroads in its energy policy
• A focus on fossil fuels might delay necessary progress in combating climate change, while the success of renewable energy offers a path to cleaner, sustainable energy with reduced environmental impacts, including less pollution and carbon emissions

⏭️ What’s next: Political agendas may try to favor fossil fuels
• Market realities show renewables are on track to be the dominant energy source in the future

💬 One quote: "Renewables outcompete fossil fuels on price, scalability, and long-term demand growth," according to experts

📈 One stat: Wind and solar power now account for more than 40% of electricity for the main grid in Texas, underscoring the growing dominance of clean energy in the market

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