Taking 100% New Energy Around The World
The Global Price Tag for 100 Percent Renewable Energy: $73 Trillion
December 20, 2019 (Yale Climate 360)
“A global effort to transition to 100 percent renewable energy by 2050 would cost nations $73 trillion upfront — but the expense will pay for itself in under seven years…[The] shift to a zero-carbon global economy would create 28.6 million more full-time jobs than if nations continue their current reliance on fossil fuels...[The Stanford University report] presents detailed roadmaps for how 143 countries that account for 99.7 percent of all global greenhouse gas emissions could [technically and logistically feasibly transition to 80 percent of their energy needs from wind, hydroelectricity, and solar by 2030 and 100 percent] by 2050…The roadmaps call for increased energy efficiency and the electrification of all energy sectors, including transportation, buildings, heating and cooling, industrial processes, agriculture, forestry, fishing, and the military...
The analysis excludes nuclear power, biofuels, and clean coal…New renewable energy infrastructure would require just 0.17 percent of the 143 countries’ total land area, as well as 0.48 percent of land for ‘spacing purposes,’ such as the area between turbines…In the U.S., reaching 100 percent renewable energy by 2050 will require an investment of $7.8 trillion…[It] would create 3.1 million more jobs than if the U.S. stayed on a business-as-usual trajectory, and would save 63,000 lives from air pollution every year…[It] would also reduce energy costs by $1.3 trillion per year, because renewable energy is cheaper to generate over time than fossil fuels…[and] cut health and climate costs by $700 billion and $3.1 trillion annually…” click here for more