Los Angeles Will Offer More Energy Incentives to Low-Income Residents
In the long term, the transition away from fossil fuels should reduce energy costs, many analysts say. But in the coming years, individuals, businesses and governments will have to spend hundreds of billions of dollars on buying new equipment and upgrading old gear.
“This transition is obviously going to be expensive,” said Stephanie Pincetl, a professor at the U.C.L.A. Institute of the Environment and Sustainability and founding director of the California Center for Sustainable Communities. “Somebody is going to have to pay for all of this.”
A new study by the city’s utility and other researchers found that lower-income residents cannot afford electric vehicles and clean energy.
