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Dependence on Big Oil, Dirty Coal Could Cost U.S. $30 Trilli

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Dependence on Big Oil, Dirty Coal Could Cost U.S. $30 Trilli

Unread postby Graeme » Tue 30 Jun 2009, 18:43:59

Dependence on Big Oil, Dirty Coal Could Cost U.S. $30 Trillion By 2030

Between 2010 and 2030, the United States will spend as much as $30 trillion on oil, coal, and other fossil fuels - nearly four times the total earnings of all American workers in 2007. At the same time, pollution from fossil fuels is the number one source of air and global warming pollution and a leading source of water pollution, said Environment America in a new report analyzing government data on energy.

In contrast, moving to clean energy – wind turbines, solar panels, and energy-efficient homes and buildings – would save money, even excluding the additional benefits for the environment, health, and security. For instance, a recent report by the Union of Concerned Scientists found that transitioning to clean energy would cut costs by $900 per household annually by 2030 and save consumers and businesses a total of $1.7 trillion between 2010 and 2030. In addition, clean energy creates jobs here at home, since clean energy projects tend to be labor intensive and cannot be outsourced.


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Re: Dependence on Big Oil, Dirty Coal Could Cost U.S. $30 Trilli

Unread postby idiom » Mon 06 Jul 2009, 06:25:05

So transitioning might only cost $28.3 Trillion?

Projection of a risky tech that might save a bit versus very very mature tech with pretty predictable costs?

It would have to promise to save a lot more than $1.7 trillion.
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