RENEWABLES WILL ADD A$1.9 TRILLION TO ECONOMY: AUSTRALIA SHOULD GRAB ITS SHARE OF THE BOOM
A study by the International Renewable Energy Agency (IRENA) released today reveals a doubling of renewable energy by 2030 could deliver USD $1.3 trillion of benefits to the global economy, sparking new jobs and opportunities for economic growth.
IRENA found doubling the share of renewables in the global energy mix by 2030 can save up to USD $4.2 trillion annually by 2030 – 15 times more than the costs.
A two-fold increase in renewables such as solar would grow Australia’s gross domestic product (GDP) by about 1.7%, according to recent IRENA figures.
Claire O’Rourke, National Director at Solar Citizens, said renewable energy can power massive global growth but Australia must stake its claims of investment and jobs.
“Renewable energy is powering ahead -- USD $1.3 trillion worth of benefits is an incredible step for showing the power of renewables to generate wealth and employment, while lowering the cost of electricity and producing cleaner energy,” she said.
“The Turnbull Government must seize the opportunity to put Australia on a pathway to the clean energy future supported by the majority of Australians.
“The good news from this report is that we can transition our energy mix to significantly more renewables, while keeping the economy healthy and growing.
“Australians want political leadership that can deliver cleaner, more modern energy from solar and renewables.
“A strong, healthy economy relies on renewable energy, we need the Turnbull government to invest more in renewables and solar and make sure Australia grabs our share of this global boom,” Ms O’Rourke said.
Claire O’Rourke is available for interview.
Media contact: Siobhan Lyttle 0432 828 004