A new report says a total shift to renewable energy would pay for itself through cost savings within two decades, and ultimately save Australians $20 billion a year in combined fuel and power costs.
This report, prepared jointly by the International Renewable Energy Agency (IRENA), the International Energy Agency (IEA) and the Renewable Energy Policy Network for the 21st Century (REN21), identifies key barriers and highlights policy options to boost renewable energy deployment.
Moving to a future powered mainly by renewable energy will be crucial if we are to stay within the global warming limits set out by the Paris Agreement. But building all of this new renewable energy will initially require fossil fuels to help power all of the necessary mining, construction and decommissioning.
Read more: http://www.unescap.org/publications/energy-transition-pathways-2030-agenda-asia-and-pacific-regional-trends-report-energy