The newly published IRENA report – the first Global Renewables Outlook- shows how boosting renewable energy investments can support resilient and equitable recovery.
According to the report; advancing the renewable energy transition is not only an opportunity to meet the Paris Agreement goals but also a pathway for economic stability and prosperity.
Cutting carbon emissions more deeply through renewables will have massive socio-economic benefits. It can boost GDP an additional US$98 trillion by 2050 – 2.4 % more growth by mid-century – and create tens of millions of additional jobs in renewable energy, energy efficiency and related fields. Renewables could create 42 million jobs globally by 2050. Economies would be more resilient and less prone to external shocks.
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