GO ECO GREEN21. IRENA’s first Global Renewables Outlook shows decarbonisation of the energy system supports short-term recovery while creating resilient and inclusive economies and societies.
Abu Dhabi, United Arab Emirates, 20 April 2020 — Advancing the renewables-based energy transformation is an opportunity to meet international climate goals while boosting economic growth, creating millions of jobs and improving human welfare by 2050, finds the first Global Renewables Outlook released by the International Renewable Energy Agency (IRENA) today.
While a pathway to deeper decarbonisation requires total energy investment up to USD 130 trillion, the socio-economic gains of such an investment would be massive, the Outlook reveals. Transforming the energy system could boost cumulative global GDP gains above business-as-usual by USD 98 trillion between now and 2050. It would nearly quadruple renewable energy jobs to 42 million, expand employment in energy efficiency to 21 million and add 15 million in system flexibility.
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