Impact of climate change on water resources will increase price tag to decarbonize the grid

A new study warns that current plans to achieve zero emissions on the grid by 2050 vastly underestimate the required investments in generation and transmission infrastructure. The reason: these plans do not account for climate change's impacts on water resources. Specifically, changes in water availability caused by climate change could decrease hydropower generation by up to 23% by the year 2050, while electricity demand could increase by 2%.