New Energy Offers $160 Trillion Opportunity

Renewable Energy Could Save $160 Trillion In Climate Change Costs by 2050

James Ellsmoor, April 14, 2019 (Forbes)

“With development and energy demands soaring worldwide, there is an opportunity for clean, renewable energy to supplant fossil fuels and take over as the main form of electricity generation… [New findings from the International Renewable Energy Agency (IRENA) show] how the world can successfully implement large-scale renewable programs that will not only help reduce carbon emissions but improve global socioeconomic development…[Global energy demands are expected to double by 2050, and] 86% of global electrical needs could be met by renewable energy…[T]he extra energy load would be carried mostly by wind and solar…[but to do so, growth] must accelerate…

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IRENA advocates for stronger national policy focusing on long-term zero-carbon strategies as well as promoting innovation in the fields of renewable energy, technology and smart-grids…[because] benefits stemming from embracing clean, renewable energy go a lot farther than just reducing pollution and carbon emissions…[A] rapid transition could save the global economy US$160 trillion in costs associated with climate change…” click here for more

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