Breakthrough Energy CTO Eric Toone on the Cost of Decarbonization

Eric Toone, chief technical officer of Breakthrough Energy, said at the MIT Energy Initiative's Energizing@MIT conference that decarbonizing the global economy would cost about $7.5 trillion, roughly 5 percent of global GDP, but that people are unwilling to pay a green premium. Breakthrough Energy Ventures has deployed about $3 billion into about 140 companies, including Luxwall, whose insulating windows delivered 30 percent energy savings in one commercial building.