Every dollar invested in clean energy saves three on fossil fuels

Every dollar invested in clean energy saves three on fossil fuels

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Investing in clean energies is not only a means of limiting global warming, but it also has an economic return, since for every dollar dedicated to these technologies, spending almost three on fossil fuels will be avoided by 2050.

This is one of the main conclusions of a report published today by the International Energy Agency (IEA), which sets the objective of tripling the allocations for research and development (R&D) in clean energy technologies.

In a statement from the IEA, its executive director, Maria van der Hoeven, emphasizes that to triple the 17,000 million dollars dedicated to R&D requires that governments and the private sector "work closely" and focus on the technologies with low carbon dioxide emissions.

To illustrate with concrete examples the contribution that these technologies can have, Van der Hoeven cited solar panels or reductions in fuel consumption in cars.

In the study Energy Technologies Outlook 2015, the organization that brings together the large developed countries insists on the "key" nature of breakthrough technologies to mobilize action to tackle global warming.

And he notes that despite some recent successes, progress in clean energy falls short of what it would take to limit the rise in global temperatures to two degrees Celsius, a level that is considered controllable.

The IEA emphasizes that R&D alone "is insufficient to convert new technologies from ideas to commercial products" and that governments have a role to "create the initial market opportunities that send a signal" to those who they are behind innovations and investors.

In this regard, it recalls that this type of transformation is what has allowed wind or solar energy to become the lowest cost in some regions of the world.

According to the baseline scenario of the authors of this study, limiting global warming to two degrees would require a reduction in carbon dioxide emissions by 40%.

Video: How Tesla Battery Farms Changed the Lives of Australians (May 2022).


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