Report by the International Renewable Energy Agency Offers Perspective on Far-Reaching Benefits of Renewables beyond Emission Targets

Report by the International Renewable Energy Agency Offers Perspective on Far-Reaching Benefits of Renewables beyond Emission Targets

From GDP growth to improvements in human welfare, increasing deployment of sustainability technologies, programs, and projects offers many benefits to communities around the world.

Economic growth does not need to come at the expense of environmental protection; and, vice versa, support of sustainability goals does not need to come at the expense of economic growth. Team Gemini and its emerging delegation of team members continue to work diligently on solutions for a variety of industry needs.

Driven by a number of trendsetting working models, the global market for sustainability initiatives continues to yield favorable outcomes for those who are increasingly supporting it. While global climate change efforts are at times a source for tension and impassioned debate, as the focus has been heavily framed around the topic of carbon emissions, communities that have already adopted a self-sustaining, decentralized approach to energy production and waste processing are already reaping many rewards. Taking these examples into account, organizations assessing global benefits of sustainability initiatives beyond carbon emission targets can paint a better picture of overall impacts on global markets, the environment, and societies.

According to the recent IRENA report “Renewable Energy Benefits: Measuring the Economics,” the following summary benefits have been presented:

Doubling the share of renewables in the global energy mix by 2030 would increase global GDP by up to 1.1% or USD 1.3 trillion. The report shows that such a transition increases global GDP in 2030 between 0.6% and 1.1%, or between around USD 700 billion and USD 1.3 trillion compared to business as usual. Most of these positive impacts on GDP are driven by the increased investment in renewable energy deployment, which triggers ripple effects throughout the economy.

Improvements in human well-being and welfare would go far beyond gains in GDP. The benefits of renewables reach well beyond the traditional and limited measurements of economic performance. Doubling the share of renewables by 2030 has a positive impact on global welfare, which increases by 2.7 % compared to a 0.6% GDP improvement. A combined indicator for welfare considers a number of factors including: Economic impacts based on consumption and investment; Social impacts based on expenditure on health and education; and, Environmental impacts, measured as greenhouse gas emissions and materials consumption.

Doubling the share of renewables increases direct and indirect employment in the sector to 24.4 million by 2030. Renewable energy jobs will grow across all technologies, with a high concentration in the same technologies that account for a majority of the employment today, namely bioenergy, hydropower and solar. Along the renewable energy value chain, most renewable energy jobs will come from fuel supply (bioenergy feedstocks), installations and equipment manufacturing.

Supporting and developing a closed-loop, 100%-sustainable infrastructure is among Team Gemini’s primary endeavors. Many technologies ultimately contribute to this goal, including protecting and treating valuable water resources, implementing sustainable agriculture, and maintaining proper methods of waste management.

In an effort to make more communities sustainable, Team Gemini works closely with commodity-intensive industries, municipalities, and other stakeholders to implement viable technology configurations that result in economic and other benefits. A closed-loop system allows businesses to minimize their operating costs and maximize their potential revenue streams, depending on which technologies they choose.

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The original article can be found on this page, and the full report can be downloaded here.