World’s Shift to 100% Clean Energy Paid in 6 Years: Stanford

The cost of a worldwide switch to 100% renewable energy would be paid off in six years, says a study by Stanford University, My Modern Met reported.

Clean energy would reduce the average cost per energy unit by 12%, said the report, meaning a 63% lower cost for energy annually overall. Energy usage would also immediately drop by 56%, it added, because combustion-based energy systems require significantly more energy to operate.

Read the full report: My Modern Met

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Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India's economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.