Global Cost of Transitioning to 100 Percent Renewable Energy: $73 Trillion

A report by researchers from Stanford University says the cost of transitioning the world to entirely renewable energy production would pay for itself in seven years and add a net positive amount of jobs measured in the millions.

1 minute read

January 3, 2020, 5:00 AM PST

By James Brasuell @CasualBrasuell

Bureau of Land Management / Flickr

"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," according to an articlke published by Yale Environment 360.

Those are the findings of a new report from researchers at Stanford University, which "also found that 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.

More details on the report are included in the source article.

FULL STORY: The Global Price Tag for 100 Percent Renewable Energy: $73 Trillion

Friday, December 20, 2019 in Yale Environment 360

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