Eliminating fossil fuels from US power sector would cost US$4.7 trillion, study shows

//Eliminating fossil fuels from US power sector would cost US$4.7 trillion, study shows

Eliminating fossil fuels from US power sector would cost US$4.7 trillion, study shows

Eliminating fossil fuels from the US power sector, a key goal of the “Green New Deal” backed by many Democratic presidential candidates, would cost US$4.7 trillion and pose massive economic and social challenges, according to a report released on Thursday by energy research firm Wood Mackenzie.That would amount to US$35,000 per household, or nearly US$2,000 a year for a 20-year plan, according to the study, which called the price tag for such a project “staggering”.The report is one of the…

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By | 2019-06-27T10:23:24+00:00 June 27th, 2019|World|Comments Off on Eliminating fossil fuels from US power sector would cost US$4.7 trillion, study shows