Net Savings Of $71 Trillion By 2050 With Transition To Renewable Energy

The transition to a global renewable energy economy could save $71 trillion by the year 2050, according to an IEA report.

Or, to say that another way, $44 trillion in investment by the year 2050 would translate to about $115 trillion in energy savings ($71 trillion in net savings), as well as helping to limit the extent of CO2-induced warming.

Given the strong impetus there, what’s stopping the transition? According to Ceres — a network of investors representing trillions of dollars in assets — nothing! Just a lack of solid actions taken by the key players — or, perhaps, the fact that “businesses have not sufficiently stepped up their leadership.”

Of course, the longer this transition waits, the more expensive it will get, as the IEA notes: “The longer we wait, the more expensive it becomes to transform the global energy system.”

source / read more:  cleantechnica   

International Energy Agency IEA:

Taking on the challenges of an increasingly electrified world