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Challenges and Costs of Decarbonization
This chapter delves into the complex challenges and costs associated with transitioning heavy industry and air travel to low carbon technologies, highlighting the implications for everyday energy use, potential increase in electricity bills, and nuances of purchasing renewable energy certificates. It also discusses the various costs of fossil fuels, subsidies, climate impacts, stranding assets, and the concept of rational decision-making for the future, raising concerns about economic justifications that may sacrifice lives in the face of limited resources.