Report Says Clean Energy is Transforming the Global Economy
A new analysis released as world leaders gather for climate talks in Brazil notes that renewable power has shifted from environmental burden to economic opportunity. The technology now costs less than fossil alternatives while delivering broader benefits such as job creation, productivity gains, and expanded electricity access across developing regions. Every dollar invested in renewables now generates approximately 50 percent more economic activity than equivalent fossil spending, which returns less than the investment amount. Climate finance investment in developing nations from 2017-2022 has also added roughly $1.2 trillion in GDP across 100 developing countries. That represented between two and five…
