Transitioning US to 100% renewables by 2030 will cost rate payers $4.5T: WoodMac

Wood Mackenzie published a study Thursday estimating the cost of a 100% renewable energy transition by 2030 within the U.S., based on the more aggressive climate plans that have been proposed, including early versions of the House Green New Deal package. According to the consultancy group, the transition could cost $4.5 trillion, or $35,000 per U.S. household. The 2030 target would put the U.S. on an extremely accelerated installation path, with more annual capacity buildout over each of the next 11 years “than what has been installed collectively over the past two decades,” the report says.

By Editorial Team June 30, 20190

According to the consultancy group, the transition could cost $4.5 trillion, or $35,000 per U.S. household.

The 2030 target would put the U.S. on an extremely accelerated installation path, with more annual capacity buildout over each of the next 11 years “than what has been installed collectively over the past two decades,” the report says.

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