3FOOD

Third Industrial Revolution Consulting Group
Figure 3. The Average Annual Payments for Energy Services, 2016 through 2050
Source: John A. “Skip” Laitner (September 2016).
As beneficial as this outcome appears to be, it is merely the result of a lower total cost of
energy-related resources. We can also account for other social, economic, health, and
environmental costs that will also impact Luxembourg. Again recalling the country-specific
impacts from the Stanford University study noted earlier, 377 if Luxembourg were to achieve a
100 percent renewable energy economy, the combined avoided air quality health effects and
global climate-change impacts might approach €7 billion in further savings by 2050. This does not
include further GDP and employment benefits that are likely to accrue from the more productive
pattern of infrastructure investments, energy efficiency upgrades, as well as the deployment of
large-scale renewable energy systems.
Here we might imagine changes like the transportation land-use patterns, the buildup of
information and communication technologies and a multitude of other infrastructure changes
which underpin the Communication Internet, the Renewable Energy Internet, and the
Transportation and Logistics Internet, as well as the various buildings and other structures that
will be transformed into IoT nodes to optimize overall economic performance of the
377 Referencing Jacobson, Delucchi et al. (2016).
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