Doubling Global Share of Renewable Energy by 2030 Can Save Trillions

According to a new report released by the International Renewable Energy Agency (IRENA), REmap: Roadmap for a Renewable Energy Future, doubling the share of renewables in the global energy mix by 2030 can save up to USD 4.2 trillion annually by 2030 thanks to avoided expenditures on air pollution and climate change. It would also create more jobs, boost economic growth, save millions of lives annually through reduced air pollution, and – when coupled with greater energy efficiency – put the world on track to keep the rise of temperatures within 2°C, in line with the Paris Agreement.

But to meet that goal, renewable energy deployment must happen six times faster than today. This second edition of IRENA’s global roadmap provides an in-depth perspective on the energy transition in 40 economies, representing 80% of global energy use. It offers concrete technology options and outlines solutions to accelerate renewable energy growth.

Download the REmap report here.

Read the press release here.