Tags: Clean Energy
Today, Google released a study showing the value of innovation when it comes to clean energy technology. By using McKinsey’s Low Carbon Economic Tool--an analytical system that "estimates the potential economic and technology implications of various policy and technology assumptions"--Google came to some compelling conclusions.
Google found that clean energy innovations would produce a variety of economic benefits, including:
Google also determined the opportunity costs of inaction, concluding that a mere 5-year delay in technology innovation would result in between $2.3 and $3.2 trillion worth of unrealized GDP, between 1.2 and 1.4 million uncreated jobs and between 8 and 28 gigatons of carbon pollution emissions by 2050.