Unfortunately, fan-only cooling only works in a narrow range of climates.
> For instance, instead of cooling down a space to 24°C (75°F), the aircon can cool it to 29°C (84°F), which is a comfortable temperature if combined with fans.
Whether or not 29°C can be considered a "comfortable temperature", even with fans, depends a lot on other factors, the most important of which is humidity. 29°C at 30% humidity is very different from 29°C at 90% humidity. The former is common in Europe and the American West. The latter is much more common in the Southeast, as well as the majority of newly industrialized countries such as China and India.
Try installing a radiant cooling system in one of those hot & humid places. See all that condensation on the walls? That's a recipe for explosive mold growth. All the fans in the world will not make that pesky H2O go away, since the air is already oversaturated with it. People can tolerate a lot of heat with nothing but a paper fan, but there's no alternative to a good ol' electron-guzzling compressor when it comes to humidity control.
You might feel totally comfortable with a fan in your cool and dry Northern California summers, but be very careful before you try to generalize your energy-saving hack to different climates. There's a reason why millions of people won't give up their AC's for fans, and it's not because they don't know how to stay cool.