Increase in renewable energy use to boost global GDP by $1.3 trillion
A recent report by Abu Dhabi based International Renewable Energy Agency (IRENA) says that doubling the share of renewable energy in global energy mix by 2030 could increase the world GDP by 1.1% or $1.3 trillion. The study shows that there exists no trade-offs between development and environment sustainability, as has been believed till now. Study will give a boost to the efforts outlined in Paris Climate Deal and NIDCs pledged by countries to de-carbonize the global economy and will give direction to the future studies in the field. The finding will also pave way for energized efforts in the direction of achieving the SDG of ensuring clean and sustainable energy to all and improving the quality of life of the people.
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