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IRENA: Green energy-led coronavirus recovery would deliver $98tr boost by 2050

Business Green

In its most comprehensive assessment of the global energy transition to date, the International Renewable Energy Association (IRENA) today set out a compelling case for ensuring post-Covid-19 economic stimulus packages align with long-term climate and sustainable development objectives.

Energy 95
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IRENA: Renewable energy generates half a million new jobs worldwide in 2019

Business Green

million people now work in renewable energy worldwide, but IRENA warns strong policy action essential to sustain growth in the wake of Covid-19. and hydropower employed around 1.95 For comparison, in the fossil fuel sectors women make up around 21 per cent of the workforce. As many as 11.5 million jobs last year.

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Electrification ‘not enough’ to meet Paris climate goals, consultant says

Renewable Energy World

Many of the pandemic recovery packages have largely focused on protecting, rather than transforming, existing industries,” Eriksen said. Fossil fuels will continue to make up 50% of energy demand by 2050, with gas maintaining its position, according to the report.

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IEA sketches out vision for $1tr a year global green stimulus

Business Green

The analysis calculates that integrating clean energy goals into economic recovery and stimulus packages over the next three years could boost global economic growth by an average of 1.1 Birol acknowledged that policy makers were "having to make hugely consequential decisions in a very short space of time as they draw up stimulus packages".

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How India’s Renewable Energy Sector Survived and Thrived in a Turbulent 2020

GreenTechMedia

With power demand expected to triple by 2040 as India’s population continues to achieve upward mobility, fossil fuels are poised to see continued growth even as the clean energy market thrives. And to what extent can they mitigate the increase in fossil fuel use? It will reach 175 gigawatts before 2022.”

Energy 130
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Global Briefing: EU Commission targets €20bn annual support for nature restoration

Business Green

The plan includes climate adaptation measures across seven sectors - water, agriculture, land, forestry, human settlement, health, transport, and mining - as well as measures to scale up hydropower and solar energy, improve energy efficiency and rollout electric vehicles, the according to the news site. — Patricia Espinosa C.

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? 2023’s Most Headliney-Headlines #178

Climate Tech VC

In news this week, COP28 wraps up with a landmark agreement on transitioning away from fossil fuels, DOE announces a new office focused on AI, and over 2M Teslas were recalled.  🇬🇧 UK Prime Minister Rishi Sunak led a campaign against some of the country’s most essential climate policies.