Renewable Energy Benefits: Measuring the Economics
Report

Renewable Energy Benefits: Measuring the Economics

IRENA
IRENA, 2016
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Editorial Rating

8

Qualities

  • Innovative
  • Scientific
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Recommendation

The idea that green technologies preserve the environment at the expense of strong economic growth has become obsolete. According to this in-depth forecast from the International Renewable Energy Agency (IRENA), a rapid increase in the use of sustainable resources by 2030 would be a win-win scenario for society, the economy and the environment. The new face of energy offers positive contributions to health, education, jobs, goods, services, agriculture and forests, among other benefits. getAbstract recommends this insightful description of what the green revolution could look like to those interested in the future of renewables.

Summary

Technology breakthroughs have made green energy cost-effective in 2016. Macroeconomic projections that double the use of renewables by 2030 demonstrate that both an environmentally sustainable energy system alongside robust economic growth and development are achievable. Aggressive adoption of renewable energy technologies by 2030 could reinvigorate a weak global economy. The sector has the potential to raise world GDP by up to 1.1%. The GDP impact would vary across countries. The biggest winners would be Japan with an increase of 2.3%. Australia...

About the Author

The International Renewable Energy Agency (IRENA) is mandated as the global hub for renewable energy cooperation and information exchange by more than 175 member countries and countries in accession.

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