Google presents $4.5 trillion energy plan for US

Posted on Thursday, Oct 02 2008 @ 22:51 CEST by Thomas De Maesschalck
Google CEO Eric Schmidt presented a $4.5 trillion solution that could fix the U.S. energy problems by making the country almost completely independent from fossil fuels by 2030. The Clean Energy 2030 plan has a hefty price tag, but Schmidt claims it'll pay for itself with $5.5 trillion in savings.
Schmidt said the plan requires $4.5 trillion in spending to pull it off, but it'll pay for itself with $5.5 trillion in savings. "With this plan, it's cheaper to fix global warming than it is to ignore it," Schmidt said.

The general plan consists of various efforts to save energy; a shift to renewable wind, geothermal, and solar energy; and a complete cessation of energy from coal and oil and halving of natural gas. Those changes would cut energy production-related carbon dioxide emissions from about 6 billion metric tons per year today to 4 billion per year in 2030.

Energy efficiency is at the forefront of Google's thoughts: the company operates hundreds of thousands of servers, and the company has warned that energy costs could outpace server hardware costs. So a decline in energy costs makes practical sense, Schmidt said.
Read more at CNET.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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