International governments will need to marshal a total capital spend of up to $130trn to decarbonise the world by mid-century, according to a new report from the International Renewable Energy Agency (Irena), but such an investment would be repaid in socioeconomic gains with a “massive” boost to global gross domestic product and a near quadrupling of jobs in the new energy sector to 42 million.
Global decarbonisation would cost $130trn by 2050 but repay capital spend: Irena
Long-term economic development, cleaner environment and improved social welfare would come with low-carbon, 'climate-safe' world, says agency in new report
20 April 2020 7:58 GMT
Updated
20 April 2020 9:50 GMT
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