Scaling up clean energy – the greatest growth proposition of the 21st century

The author asserts that while climate change threatens to reduce global GDP by 14% by 2050, investments in clean energy could boost global GDP by 4% by 2030. The text emphasizes the need for a nine-fold increase in clean energy investment relative to fossil fuels by 2030 to achieve net-zero emissions by 2050. It highlights the role of Temasek in funding technology-based and nature-based solutions and closing financing gaps for sustainable infrastructure in Asia through Pentagreen Capital. The author calls for visionary government policies to provide the clarity needed for private sector investment in renewables, electrification, and energy efficiency.

• Climate change poses a severe economic threat, with a Swiss Re Institute report suggesting it could reduce global GDP by as much as 14%, or $23 trillion, by 2050.
• Transitioning to clean energy offers significant economic benefits, including a potential 4% boost to global GDP by the end of the current decade according to the International Energy Agency.
• To reach net zero by 2050, clean energy investment must increase dramatically; by 2030, investment in clean energy needs to be nine times higher than investment in fossil fuels.
• A global trajectory toward net-zero emissions by 2050 could create 14 million new clean energy jobs by 2030, with another 16 million workers transitioning into new clean energy roles.
• Temasek is addressing financing shortages for low or zero-carbon infrastructure in Asia via Pentagreen Capital, focusing on renewable energy, energy storage, clean transport, and water and waste management.

APA

Howard, S. (2023). Scaling up clean energy – the greatest growth proposition of the 21st century. We Mean Business Coalition. https://www.wemeanbusinesscoalition.org/blog/scaling-up-clean-energy-the-greatest-growth-proposition-of-the-21st-century/

Chicago

Howard, Steve. Scaling up clean energy – the greatest growth proposition of the 21st century. We Mean Business Coalition, 2023. https://www.wemeanbusinesscoalition.org/blog/scaling-up-clean-energy-the-greatest-growth-proposition-of-the-21st-century/.

Wikipedia

{{cite press release |last1=Howard |first1=Steve |title=Scaling up clean energy – the greatest growth proposition of the 21st century |publisher=We Mean Business Coalition |date=19 May 2023 |url=https://www.wemeanbusinesscoalition.org/blog/scaling-up-clean-energy-the-greatest-growth-proposition-of-the-21st-century/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{howard2023scaling, author = {Howard, Steve}, title = {{Scaling up clean energy – the greatest growth proposition of the 21st century}}, publisher = {We Mean Business Coalition}, year = {2023}, month = may, url = {https://www.wemeanbusinesscoalition.org/blog/scaling-up-clean-energy-the-greatest-growth-proposition-of-the-21st-century/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }