How Doubling Renewable Energy Worldwide Could Save $740 Billion per Year

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When combining all of the world’s countries, 18 percent of the world’s electricity consumption comes from renewable sources. A global agency estimates that amount could be doubled in a little more than 15 years while saving a combined $740 billion per year in the process.The latest study, REmap 2030, from the International Renewable Energy Agency IRENA estimates that amping up renewables to constitute 36 percent of the international energy mix would more than offset the costs associated with fossil fuel pollution. It would also reduce the global demand for oil and gas by about 15 percent, and for coal by 26 percent.Some of the graphics within REmap include annual investment needs and percentage breakdowns in doubling renewables’ share of the world’s TFEC—total final energy consumption—by 2030.

via How Doubling Renewable Energy Worldwide Could Save $740 Billion per Year | EcoWatch.

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