Renewable energy massive boost to global GDP

The Renewable Energy Benefits: Measuring the Economics report found that doubling the global share of renewable energy by 2030 would lead to a 1.1% increase in global GDP.

That equates to $1.87 trillion AUD – more than the combined economies of Chile, South Africa and Switzerland!

The report also found that doubling the share of renewables (e.g. wind and solar) would create 24 millions jobs globally, as well as increasing global welfare by 3.6%.

Read the Climate Council story - “Doubling renewables would boost world economy by $1.9 trillion: new IRENA report.”