Spain's Acciona is currently building Australia's biggest wind farm, but says it has many more large renewable projects on the drawing board and the financial returns look good. File photo: AFP.
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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