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GENI-us Letter 2017-03

Phasing Out CO2 This Century — Ramping Up Renewables & Energy Efficiency

Dear GENI Friend,

We know the solution to mitigating climate change impacts. The International Renewable Energy Agency (IRENA) 2017 report: "Perspectives for the Energy Transition: Investment Needs for a Low-Carbon Energy System" (full report) presents the case that global deployment of renewable energy and energy efficiency, and especially the G20 countries can achieve the 66% emissions reductions needed to keep global temperature rise at 2° Celsius (3.6°F). This 2050 target will lessen the most severe impacts of climate change.

 

IEA: http://bioage.typepad.com/.a/6a00d8341c4fbe53ef01b8d26c7b62970c-550wi

IRENA projects that $29 trillion will be invested through 2050 (just 0.4% of global GDP). The benefits:

  • boost global GDP by 0.8% in 2050 — a 100% return on investment!
  • generate new jobs in the renewable energy that would offset job losses in the fossil fuel industry
  • improve the human and environmental welfare thanks to reduced air pollution.
This is the minimum scenario necessary to maintain the planet's environmental stability — and is not certain. Europe and China are leading, so the rest of the world can follow this renewables path.

In Partnership for the Planet,

Peter MeisenGENI's 25th Anniversary Seal -- 1987-2012
Peter Meisen, President

p.s. We need additional funding to keep pushing.  Now would be a good time to start: http://www.geni.org/globalenergy/donors/enroll/pledge.shtml