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Title: Keynote address: Reinventing fire: Physics + markets = energy solutions

Rocky Mountain Institute's multi-year, 61-author, peer-reviewed Reinventing Fire synthesis showed how the U.S. can realistically run a 2.6× bigger U.S. economy in 2050 with no oil, coal, or nuclear energy, one-third less natural gas, tripled efficiency, and 74% renewable supplies (80% for electricity). This transition, at historically reasonable rates, could be led by business for profit, applying normal rates of return, with some innovative subnational and administrative policies but no Acts of Congress. Excluding carbon emissions and all other externalities, the net present value would be $5 trillion more favorable than business-as-usual, averaging a 14% Internal Rate of Return.
Authors:
 [1]
  1. Cofounder and Chief Scientist, Rocky Mountain Institute, 2317 Snowmass Creek Road, Snowmass CO 81654 (United States)
Publication Date:
OSTI Identifier:
22391273
Resource Type:
Journal Article
Resource Relation:
Journal Name: AIP Conference Proceedings; Journal Volume: 1652; Journal Issue: 1; Conference: 3. Conference on the Physics of Sustainable Energy: Using Energy Efficiently and Producing It Renewably, Berkeley, CA (United States), 8-9 Mar 2014; Other Information: (c) 2015 AIP Publishing LLC; Country of input: International Atomic Energy Agency (IAEA)
Country of Publication:
United States
Language:
English
Subject:
29 ENERGY PLANNING, POLICY AND ECONOMY; 71 CLASSICAL AND QUANTUM MECHANICS, GENERAL PHYSICS; CARBON; COAL; ECONOMY; EFFICIENCY; ELECTRICITY; ENERGY POLICY; MATHEMATICAL SOLUTIONS; NATURAL GAS; NUCLEAR ENERGY; OILS