The proposal is based on the U.S. halting the generation of electricity from coal and oil by 2030 and relying on power from wind, nuclear and geothermal sources instead. It also entails cutting oil use for cars by 40%.
While requiring $4.4 trillion in expenditures, Google estimates that the plan would return a net savings of $1.0 trillion over its 22-year duration and create many new jobs. Work on the report was led by Jeffery Greenblatt, climate and energy technology manager for Google.org, the company's nonprofit arm.
"With a new Administration and Congress -- and multiple energy-related imperatives -- this is an opportune, perhaps unprecedented, moment to move from plan to action," states the report, which the company made available via a link off the company's corporate blog.