Summary

AI-generated

This summary is written by a language model reading the source document. It is not the publisher's words and is not a substitute for the original.

Learn more about AI enrichment

The report asserts that the combined fortunes of the world's wealthiest individuals could fund a total transition to renewable energy in the Global South by 2030. It estimates that $5.15 trillion is required to meet the energy demands of Africa, Latin America, and non-OECD Asia (excluding India and China). The authors argue that the energy transition must go beyond substituting fuel sources to include democratic ownership of resources and the dismantling of corporate power to address the intersecting crises of climate change and extreme inequality.

Key insights

AI-generated

These insights are written by a language model reading the source document. They are not the publisher's words and are not a substitute for the original.

Learn more about AI enrichment
  • The financial resources to fund a total renewable energy transition in Africa, Latin America, and most of Asia by 2030 exist, as the combined fortunes of the 782 wealthiest people on the planet total approximately $5.1 trillion.
  • To achieve 100% renewable electricity in the most affected and least responsible regions of the developing world by 2030, an additional investment of $5.148 trillion is required.
  • A global transition to 100% renewable energy by 2050 would result in fuel savings of $42 trillion, meaning the additional investment costs for renewable infrastructure would be recovered through these savings over time.
  • In the analyzed regions of the Global South, between 62% and 88% of energy could be supplied by a combination of wind turbines, solar PV, concentrated solar power (CSP) with thermal storage, and other short-term storage like batteries and pumped hydro.
  • The remaining energy needs in these regions would be met by existing hydroelectric dams, geothermal energy in accessible areas, and minimal amounts of agro/bioenergy (2-4%).
  • The report identifies a critical lack of political will to implement this transformation, evidenced by the weak emission reduction promises made by wealthy developed nations prior to the Paris climate negotiations.

Cite the original document

APA
Hearps, P., & Cossar-Gilbert, S. (2015). LA REVOLUCION ENERGETICA ES POSIBLE. Friends of the Earth International. https://www.foei.org/wp-content/uploads/2020/12/foe-energy-revolution-reportSUMMARY-ES-web.pdf
Chicago
Hearps, Patrick, and Sam Cossar-Gilbert. LA REVOLUCION ENERGETICA ES POSIBLE. Friends of the Earth International, 2015. https://www.foei.org/wp-content/uploads/2020/12/foe-energy-revolution-reportSUMMARY-ES-web.pdf.
Wikipedia
{{cite report |last1=Hearps |first1=Patrick |last2=Cossar-Gilbert |first2=Sam |title=LA REVOLUCION ENERGETICA ES POSIBLE |publisher=Friends of the Earth International |date=2015 |url=https://www.foei.org/wp-content/uploads/2020/12/foe-energy-revolution-reportSUMMARY-ES-web.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}
BibTeX
@techreport{hearps2015revolucion, author = {Hearps, Patrick and Cossar-Gilbert, Sam}, title = {{LA REVOLUCION ENERGETICA ES POSIBLE}}, institution = {Friends of the Earth International}, year = {2015}, url = {https://www.foei.org/wp-content/uploads/2020/12/foe-energy-revolution-reportSUMMARY-ES-web.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }

Full text

Collected · Record updated