Renewable energy generation: the impact on the global economy (for IRENA)
A series of projects has looked at the potential socioeconomic impact on the global economy of potential large-scale deployments of renewable energy generation technologies.
The research has delivered high-level and detailed regional assessments of the impacts on the economy, alongside a detailed assessment of the employment impact.
The studies look, in particular, at the number of people employed in the deployment and operation of renewables in the energy system.
The modelling has featured in a number of IRENA publications, including:
- Global Energy Transformation: A Roadmap to 2050 (2019)
- Perspectives for the Energy Transition (2017)
- Renewable Energy Benefits: Measuring the Economics (2016)
Overall, the analysis shows that the global impacts of the transition can be positive and highlights regions which stand to benefit from the transition, as well as highlighting areas where further policy is required to mitigate the impacts.
Read more about Cambridge Econometrics’ work in the energy sector.
To discuss the modelling and analysis please do contact me for more details.