A new study published today shows that coupling renewable energy targets with supportive development policies and investments would have major financial benefits. Such a shift would unlock US$20 trillion in cumulative savings in the energy sector, increase GDP by 21 percent, and increase average per capita GDP by $6,000 by 2060, compared to a business-as-usual scenario. The study, conducted by the United Nations Development Programme (UNDP), University of Denver’s Pardee Institute and Octopus Energy, set up to explore how time-bound renewable energy targets, backed by coherent policies and financing mechanisms,…
Read MoreNew study shows aligning renewable energy targets with supportive policies would lift 193 million people out of extreme poverty
