Don’t be fooled by an old fool…

Solar power is big business!

In an article from PV TECH, I read that “The route to decarbonisation in the energy sector will create benefits of US$10 trillion every year by 2050, while requiring only US$1.8 trillion to implement, according to a new joint report from the International Energy Agency (IAE) and the International Renewable Energy Agency (IRENA).

 

 

 

In their first ever collaboration, IEA and IRENA found that a total of 6 million jobs would be created, even when accounting for jobs lost in other industries.

 

 

Further jobs will also be created in the energy efficiency sector. The report stressed that efforts on the transition need to be stepped up urgently to stay in line with the targets of the Paris Agreement.

 

 

IRENA director-general Adnan Z. Amin, said: “Critically, the economic case for the energy transition has never been stronger. Today around the world, new renewable power plants are being built that will generate electricity for less cost than fossil-fuel power plants. And through 2050, the decarbonisation can fuel sustainable economic growth and create more new jobs in renewables.”

Source: https://www.pv-tech.org/news/energy-transition-to-generate-us10-trillion-in-benefits-by-2050-iea-irena