PALO ALTO – With energy and fuel costs at an all-time high, the world is seeking cost-effective solutions for moving away from oil and gas for energy needs. A new Stanford University study says it might not be as difficult as we think to switch to all renewable energy sources.
After examining 145 countries, the researchers have stated that switching to clean energy and electrifying all energy sectors won’t lead to blackouts or an increase in prices. In fact, according to the study, prices would immediately drop, and all of the up front costs for switching to 100% renewable energy would be paid back in just six years.
The study was headed by Professor Mark Z. Jacobson, professor of civil and environmental engineering at Stanford University and director of its Atmosphere/Energy Program. Professor Jacobson has long been an advocate for 100% renewable energy and published a book on the topic in 2020.
According to him, “We do not need miracle technologies to solve these problems. By electrifying all energy sectors; producing electricity from clean, renewable sources; creating heat, cold, and hydrogen from such electricity; storing electricity, heat, cold and the hydrogen; expanding transmission; and shifting the time of some electricity use, we can create safe, cheap, and reliable energy everywhere.”
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