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Investment in green energy could result in great economic growth

Investment in renewable energy is expected to boost economic growth, says new report.

Lead governmental organisation for green energy, International Renewable Energy Agency (IRENA), states that the growth of low-carbon infrastructure is key in ‘reviving the global economy’ following the coronavirus pandemic.

Furthermore, the report published by IRENA goes on to state that the investment in renewables will create more jobs, increase economic growth, improve welfare and create cleaner living conditions.

In addition to this, the world is currently set to see an increase of three degrees by the end of the century, but IRENA states that the implementation of green energy could reduce this increase.

The proposed £15 trillion investment could result in a £78 trillion increase to global GDP by mid century. This is 2.4% higher than current predictions.

If you would like to read more on the report findings, follow the link here. 

Categories: Finance, Environment, Energy (General)
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