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The report by Friends of the Earth International asserts that the massive amount of public revenue lost annually to tax havens—estimated at $600 billion—is sufficient to finance a global energy revolution. Specifically, it calculates that an investment of US$7,603 billion by 2030 could provide 100% renewable energy to Africa, Latin America, and 'Other Asia'. The document advocates for the elimination of tax havens and the redirection of fossil fuel subsidies to support community-controlled renewable energy systems as a means to combat climate change and global inequality.

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  • Global public revenue losses due to corporate tax fraud through tax havens are estimated at approximately $600 billion annually.
  • The total additional investment required to achieve 100% renewable energy in Africa, Latin America, and 'Other Asia' by 2030 is US$7,603 billion.
  • The specific investment breakdown for a 100% renewable system by 2030 is US$4,937 billion for 'Other Asia', US$1,501 billion for Africa, and US$1,165 billion for Latin America.
  • The average annual investment needed to provide half the world's population with 100% renewable energy over 15 years is $507 billion, which is significantly less than the annual losses from tax havens.
  • A global transition to 100% renewable electricity by 2050 could result in fuel cost savings of $42 trillion, based on Greenpeace analysis of IEA demand projections.
  • The proposed renewable energy mix for the Global South would consist of 62% to 88% from wind, solar PV, and concentrated solar power with storage, with the remainder from geothermal, existing hydroelectric dams, and minimal bioenergy (2-4%).

Cite the original document

APA
Hearps, P., & Cossar-Gilbert, S. (2016). UNA REVOLUCIÓN ENERGÉTICA ES POSIBLE. Friends of the Earth International. https://www.foei.org/wp-content/uploads/2021/05/Energy-revolution-summary-spanish.pdf
Chicago
Hearps, Patrick, and Sam Cossar-Gilbert. UNA REVOLUCIÓN ENERGÉTICA ES POSIBLE. Friends of the Earth International, 2016. https://www.foei.org/wp-content/uploads/2021/05/Energy-revolution-summary-spanish.pdf.
Wikipedia
{{cite report |last1=Hearps |first1=Patrick |last2=Cossar-Gilbert |first2=Sam |title=UNA REVOLUCIÓN ENERGÉTICA ES POSIBLE |publisher=Friends of the Earth International |date=September 2016 |url=https://www.foei.org/wp-content/uploads/2021/05/Energy-revolution-summary-spanish.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}
BibTeX
@techreport{hearps2016una, author = {Hearps, Patrick and Cossar-Gilbert, Sam}, title = {{UNA REVOLUCIÓN ENERGÉTICA ES POSIBLE}}, institution = {Friends of the Earth International}, year = {2016}, month = sep, url = {https://www.foei.org/wp-content/uploads/2021/05/Energy-revolution-summary-spanish.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }

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