Investing in a renewable electricity future will save 10 times the fuel costs of a ‘business as usual’ fossil-fuelled scenario, saving $180 billion annually and cut CO2 emissions in half by 2030, according to a joint report by Greenpeace and the European Renewable Energy Council (EREC) released today. (download it here pdf) (1)

In the first global analysis of its kind, “Future Investment – A sustainable Investment Plan for the power sector to save the Climate”, demonstrates a powerful economic argument for a shift in global investments towards renewable energy (including solar, wind, hydro, geothermal and bio-energy), within the next 23 years. The report gives the financial rationale for Greenpeace’s “Energy [R]evolution,” a blueprint for how to cut global CO2 emissions by 50% by 2050, while maintaining global economic growth (download is here pdf) (2).

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