Google’s CEO, Eric Schmidt, has outlined a new energy plan for the U.S. that the company claims could reduce fossil fuel-based energy generation by 88 percent 2030 at a net saving of a trillion dollars..
The plan calls for the replacement of all coal- and oil-fired electricity generation with natural gas and renewable electricity. This could be done with 380 gigawatts of wind power, 250 gigawatts of solar power and 80 gigawatts of geothermal power. At the same time, efficiency measures are capable of reducing energy requirements by 33%.
By 2030, 90% percent of all new car sales would need to be hybrids and the average fuel efficiency of conventional vehicles would need to improved to about 5 litres per 100 kilometres (which many small European diesel cars already achieve). The current car fleet would need to be turned over more quickly to get the more efficient vehicles on the road. This would require the average car to be driven for only 13 years, instead of the average of 19 years today.
According to Google, the cost of the proposal would be $4.4 trillion dollars over 22 years - but the company is quick to point out that the investment would result in even greater savings of $5.4 trillion over the 22 year life of the plan.
Google acknowledged that its plan would require a number of new policies, including a long-term national commitment to renewable electricity, increased transmission capacity, a "smart" electricity grid to better monitor and manage energy use and higher fuel-efficiency standards for vehicles. But, in the process, it would would stimulate investment, create jobs, empower consumers and help address climate change.
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