GREEN AGENDA BOOSTING ECONOMIES WORLDWIDE

The energy transition and renewable energies were one of the biggest drivers of global economic growth last year. This is revealed by a new analysis from the International Energy Agency (IEA). It states that renewable energies made up ten percent of growth in global Gross Domestic Product – equivalent to 320 billion dollars. This means that renewable energies have added more value to the global economy than the aerospace industry or an economy the size of the Czech Republic. The value chain in the field of green technologies is now huge. Be it in the production of wind turbines, batteries, and solar panels, the expansion of electricity networks or in the sale of electric cars and heat pumps to end customers – new sectors of the economy have emerged everywhere. “Green energy is playing an increasingly central role in the global energy system,” states the analysis. The result is “a new green energy economy.” Indeed, the growth rates for renewable energies last year were impressive: 80 percent of newly built electricity capacities worldwide were attributable to wind, solar, water, and biomass. Electric vehicles already make up a fifth of all cars sold worldwide. And since 2021, more workers have been employed in the “clean” energy sector than in the fossil sector – oil, gas, and coal. Green energies have now created 36 million jobs, according to the analysis. But sadly at the same time the weapons economy has never been busier with oil and gas industries still increasing rapidly.

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