The study finds that in all the countries considered, lower-cost energy and other benefits mean the required investment for transition is paid off within six years.
The study also estimates that worldwide, such a transition would create 28 million more jobs than it lost. Only Russia, Canada and parts of Africa are expected to see net job losses as a result, as these regions economies depend heavily on fossil fuels.
Professor Jacobson described the model in paper titled “Low-cost solutions to global warming, air pollution, and energy insecurity for 145 countries“, which was recently published in the journal Energy & Environmental Science.
The energy-producing technologies considered include only onshore and offshore wind electricity, solar photovoltaics for electricity on rooftops and in power plants, concentrated solar power, solar heat, geothermal electricity and heat, hydroelectricity, as well as small amounts of tidal and wave electricity
