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


Renewable Energy

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.

Friday, December 20, 2019 in Yale Environment 360

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