The transition to clean energy required to prevent temperatures from rising swiftly could shave 2% off global GDP by 2050 but is likely recoverable before the end of the century, a report by natural resources consultancy Wood Mackenzie said. While investments in technologies like solar and wind farms, advanced batteries will generate jobs, the transition will also likely cause a loss of jobs and tax revenues in fossil fuel production, said the report called "No Pain, No Gain: The economic consequences of accelerating the energy transition".
[2]
Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/reports-documents/no-pain-no-gain-economic-consequences-accelerating-energy-transition
[2] http://www.indiaenvironmentportal.org.in/files/file/No Pain No Gain Horizons.pdf
[3] http://admin.indiaenvironmentportal.org.in/category/publisher/wood-mackenzie
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/gdp
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/fossil-fuels
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/africa
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/global
