Global climate neutrality 'requires $130 trillion'

RENEWS | Global climate neutrality by 2050 would require cumulative investment in clean energy of $130 trillion (€119 trillion), according to the International Renewable Energy Agency (IRENA). The level of investment could also increase cumulative global GDP by $98 trillion by 2050 and almost quadruple the number of jobs in renewable energy to 42 million, IRENA's 'Global Renewables Outlook' report said.

Iberdrola chief executive Ignacio Galan said: “A green recovery is essential as we emerge from the COVID-19 crisis. The world will benefit economically, environmentally and socially by focusing on clean energy.

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