Renewable energywill increase global GDP by nearly 10 trillion U.S. dollars (92.5trillion euros) by 2050, thereby driving economic recovery after the19th century pandemic. According to the information released by theInternational Renewable Energy Agency, accelerating investment ingreen energy can generate huge economic benefits while helping torespond to global climate emergencies.
The agency’sdirector-general Francesco LA CAMERA (Francesco LA CAMERA) explainedthat the global crisis triggered by the coronavirus pandemic shows“the deep fragility of the current system”. He urged governmentsto invest in renewable energy to restore economic growth and helpachieve climate goals.
Compared with usual,investment in renewable energy will increase global GDP by 98trillion U.S. dollars by 2050. This investment will be particularlyprofitable, because for every dollar invested, it will bring benefitsof 3 to 8 dollars.
According to thereport, the plan will also triple the number of jobs in this sector,reaching 42 million in the next three decades, and significantlyimprove global health and well-being results. . Francesco LA CAMERAsaid: “The government is facing the daunting task of controllinghealth emergencies and has introduced important restoration andrestoration measures.” “By accelerating renewable energy andmaking the energy transition an integral part of the overallrecovery, governments can Achieve multiple economic and social goalsto pursue a flexible future that will never fall behind."
Thereport also found that renewable energy can help reduce carbondioxide emissions from the energy industry by 70% by 2050 byreplacing fossil fuels, thereby curbing global temperature rise.Renewable energy may play a greater role in reducingcarbon emissions from heavy industry and transportation to almostzero emissions by 2050, including investment in green hydrogen.
This clean fuel canreplace fossil gases in the production of steel and cement, and canbe produced by separating water into hydrogen and oxygen using largeamounts of clean electricity.
Andrew STEER,executive director of the World Resources Institute, defined thisproblem: "When the world seeks to recover from the currenthealth and economic crisis, we face a choice: we can pursue a modern,clean and healthy energy system. . Or we can go back to the oldpolluting way of doing business. We must choose the first solution.”
After thecoronavirus crisis, the call for a green economic recovery camebefore Fatih BIROL, Director of the International Energy Agency,issued a warning that the government must formulate governmentpolicies to prevent investment disruption. Energy transition. Hesaid: "We must not let the current crisis jeopardize thetransition to clean energy." "We have a huge window ofopportunity."
Ignacio GALAN, CEOof Spanish renewable energy giant Iberdrola, set an example byclaiming that his company will continue to invest billions inrenewable energy, power grids and batteries US dollars to helpintegrate clean energy into electricity. “As we emerge from theCOVID-19 crisis, a green recovery is crucial. He said: “By focusingon clean energy, the world will gain economic, environmental andsocial benefits. "Aligning economic stimulus measures andpolitical agendas with climate goals is critical to ensuring along-term healthy and sustainable economy. "
