Doubling renewables' share could save $4.2 trillion

[bananas]

Source: Wind Power Monthly

In its 2016 Roadmap for a renewable energy future, Irena (International Renewable Energy Agency) said the cost of doubling renewable energy from 18% in 2014 to 36% in 2030 would save up 15 times more than it would cost.

In its analysis, Irena said "cost of doubling the renewable energy share by 2030 would be $290 billion a year... this is at least four and up to 15 times less than the external costs avoided.

"In other words, the reduction of CO2 emissions and air pollution damage on human health and agricultural crops can produce annual net savings between $1.2 trillion and $4.2 trillion."

If the doubling is achieved, it would stop 12 gigatonnes of additional CO2 emissions a year in 2030, compared to "business as usual", the report said.

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Read more: http://www.windpowermonthly.com/article/1387876/doubling-renewables-share-save-42-trillion

[bananas]

1. IRENA: Doubling Renewable Energy Share Could Save Trillions

https://cleantechnica.com/2016/03/17/doubling-renewable-energy-share-save-trillions-irena/

IRENA: Doubling Renewable Energy Share Could Save Trillions

March 17th, 2016 by Joshua S Hill

Doubling the global share of renewable energy by 2030 could save up to $4.2 trillion annually, 15 times more than the costs.

IRENA-15This is the primary conclusion from a new report published this week by the International Renewable Energy Agency (IRENA). The report, REmap: Roadmap for a Renewable Energy Future, was published Thursday at the Berlin Energy Transition Dialogue, and recommends several options to boost the global share of renewable energy from its current 18% to as much as 36% by 2030.

“Achieving a doubling is not only feasible, it is cheaper than not doing so,” said IRENA Director-General Adnan Z. Amin. “REmap shows this is not only the most economic pathway, but also the most socially and environmentally conscious. It would create more jobs, save millions of lives from reduced air pollution and set us on a pathway to limit global temperature rise to two degrees as agreed in Paris.”

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[bananas]

2. Press release

http://www.irena.org/News/Description.aspx?NType=A&mnu=cat&PriMenuID=16&CatID=84&News_ID=1443

[phazed0]

3. Still, they can't figure out how to fund Universal Healthcare. nt

[seabeckind]

4. 2030? What a crock.

Anyone with any concept of economics knows that it's only the return in the next quarter, maybe in extreme circumstances a year...

but 15 years?

What?

Hel, half the investors in fossil fuels will be dead. Shouldn't they be entitled to some consideration for all the skin they've put in the game?

[ladjf]

5. But Lord Fossil Fuels has forbidden the promotion of alternate energy use. nt

[riderinthestorm]

6. K&R!! Really important news nt