{"id":54819,"date":"2020-04-20T21:52:43","date_gmt":"2020-04-20T19:52:43","guid":{"rendered":"https:\/\/www.csregypt.com\/?p=54819"},"modified":"2020-04-20T21:52:43","modified_gmt":"2020-04-20T19:52:43","slug":"green-energy-could-drive-covid-19-recovery-with-100tn-boost","status":"publish","type":"post","link":"https:\/\/csregypt.com\/en\/green-energy-could-drive-covid-19-recovery-with-100tn-boost\/","title":{"rendered":"Green energy could drive Covid-19 recovery with $100tn boost"},"content":{"rendered":"
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Renewable energy could power an economic recovery from Covid-19<\/a>\u00a0by spurring global GDP gains of almost $100tn (\u00a380tn) between now and 2050, according to a report.<\/div>\n
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The International Renewable Energy Agency found that accelerating investment in renewable energy could generate huge economic benefits while helping to tackle the\u00a0global climate emergency<\/a>.<\/p>\n

The agency\u2019s director general, Francesco La Camera, said the global crisis ignited by the coronavirus outbreak exposed \u201cthe deep vulnerabilities of the current system<\/a>\u201d and urged governments to invest in renewable energy to kickstart economic growth and help meet climate targets.<\/p>\n

The agency\u2019s landmark report found that accelerating investment in\u00a0renewable energy<\/a>\u00a0would help tackle the climate crisis and would in effect pay for itself.<\/p>\n

Investing in renewable energy would deliver global GDP gains of $98tn above a business-as-usual scenario by 2050 by returning between $3 and $8 on every dollar invested.<\/p>\n

It would also quadruple the number of jobs in the sector to 42m over the next 30 years, and measurably improve global health and welfare scores, according to the report.<\/p>\n

\u201cGovernments are facing a difficult task of bringing the health emergency under control while introducing major stimulus and recovery measures,\u201d La Camera said. \u201cBy accelerating renewables and making the energy transition an integral part of the wider recovery, governments can achieve multiple economic and social objectives in the pursuit of a resilient future that leaves nobody behind.\u201d<\/p>\n

The report also found that renewable energy could curb the rise in global temperatures by helping to reduce\u00a0the energy industry\u2019s carbon dioxide emissions<\/a>\u00a0by 70% by 2050 by replacing fossil fuels.<\/p>\n

Renewables could play a greater role in cutting carbon emissions from heavy industry and transport to reach virtually zero emissions by 2050, particularly by investing in green hydrogen.<\/p>\n

The clean-burning fuel, which can replace the fossil fuel gas in steel and cement making, could be made by using vast amounts of clean electricity to split water into hydrogen and oxygen elements.<\/p>\n

Andrew Steer, chief executive of the World Resources Institute, said: \u201cAs the world looks to recover from the current health and economic crises, we face a choice: we can pursue a modern, clean, healthy energy system, or we can go back to the old, polluting ways of doing business. We must choose the former.\u201d<\/p>\n

The call for a green economic recovery from the coronavirus crisis comes after a warning from Dr Fatih Birol, head of the International Energy Agency, that government policies must be put in place\u00a0to avoid an investment hiatus in the energy transition<\/a>.<\/p>\n

\u201cWe should not allow today\u2019s crisis to compromise the clean energy transition,\u201d he said. \u201cWe have an important window of opportunity.\u201d<\/p>\n

Ignacio Gal\u00e1n, the chairman and CEO of the Spanish renewables giant Iberdrola, which owns Scottish Power, said the company would continue\u00a0to invest billions in renewable energy<\/a>\u00a0as well as electricity networks and batteries to help integrate clean energy in the electricity.<\/p>\n

\u201cA green recovery is essential as we emerge from the Covid-19 crisis. The world will benefit economically, environmentally and socially by focusing on clean energy,\u201d he said. \u201cAligning economic stimulus and policy packages with climate goals is crucial for a long-term viable and healthy economy.\u201d<\/p>\n<\/div>\n<\/div>\n<\/div>\n

<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Renewable energy could power an economic recovery from Covid-19\u00a0by spurring global GDP gains of almost $100tn (\u00a380tn) between now and 2050, according to a report. The International Renewable Energy Agency found that accelerating investment in renewable energy could generate huge economic benefits while helping to tackle the\u00a0global climate emergency. The agency\u2019s director general, Francesco La […]<\/p>\n","protected":false},"author":410,"featured_media":54820,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[984,6030],"tags":[6867],"yoast_head":"\nGreen energy could drive Covid-19 recovery with $100tn boost - Csr Egypt<\/title>\n<meta name=\"description\" content=\"Renewable energy could power an economic recovery from Covid-19\u00a0by spurring global GDP gains of almost $100tn (\u00a380tn) between now and 2050,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/csregypt.com\/en\/green-energy-could-drive-covid-19-recovery-with-100tn-boost\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Green energy could drive Covid-19 recovery with $100tn boost - 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