New research outlines the path to a possible future for California in which renewable energy creates a healthier environment, generates jobs and stabilizes energy prices.
Jacobson's study outlines a plan to fulfill all of the Golden State’s transportation, electric power, industry, and heating and cooling energy needs with renewable energy by 2050.
The study concludes that, while a wind, water and sunlight conversion may result in initial capital cost increases, such as the cost of building renewable energy power plants, these costs would be more than made up for over time by the elimination of fuel costs. The overall switch would reduce California’s end-use power demand by about 44 percent and stabilize energy prices, since fuel costs would be zero, according to the study.
The plan is analogous to one that Jacobson and other researchers developed for New York state. The study’s authors are developing similar plans for all U.S. states.
Via Wiser Capital