Publication - Global Energy Transformation: A Roadmap to 2050
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Title
Global Energy Transformation: A Roadmap to 2050
Publisher
IRENA
Author
IRENA
Published in
April 2018
Abstract
Global Energy Transformation: A Roadmap to 2050 finds that increasing cumulative energy system investment by 30% to 2050 in favour of renewable energy and energy efficiency, can create over 11 million additional energy-sector jobs, completely offsetting job losses in the fossil fuel industry. The report shows that immediate action will reduce the scale and value of stranded energy-related assets in the future, and its roadmap currently anticipates up to USD 11 trillion of stranded energy assets by 2050 — a value that could double with delayed action.
IRENA finds that by following its decarbonisation roadmap, compared to the current trajectory, the global economy will grow by 1% and global welfare, including benefits not captured by GDP, such as health benefits from reduced air pollution and reduced climate impacts, among others, would improve by 15%.
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