The International Renewable Energy Agency (IRENA) has published its first Global Renewables Outlook, which shows that decarbonisation of the energy system supports short-term recovery while creating resilient and inclusive economies and societies.
The Global Renewables Outlook shows the path to create a sustainable future energy system. This flagship report highlights climate-safe investment options until 2050, the policy framework needed for the transition and the challenges faced by different regions. Including the role that district heating has to play in the energy transition.
In short, advancing the renewable-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. The first Global Renewables Outlook released today by IRENA finds that 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.