An eighteen trillion dollar renewable energy economy would be created by a transition to 95% renewable energy by 2050, a report commissioned from the European Renewable Energy Council finds.
The in-depth economic analysis finds that it is not just technically, but economically feasible to cut global greenhouse gas emissions in line with the recommendations of climate scientists for a safe future climate; 80% by 2050.
The report, Energy [R]evolution – a sustainable energy outlook also did the math on continuing with business as usual. That would provide only a little over half as much of a jolt – eleven trillion dollars. Under business as usual, of the current energy industry’s 8.7 million jobs globally, only 2.4 million would be in renewables.
By contrast, a global switch to renewable energy would create 8.5 million jobs in renewable energy out of 12 million energy jobs by 2030, and create an $18 trillion energy industry by 2050.
cleantechnica
