Already, realising the RTS would require
additional cumulative investments compared to the status quo.
Not exact matches
The
cumulative effect that reinvesting an
investment's earnings can have by generating
additional earnings of their own.
But to avoid the worst impacts of climate change and keep the world on a path that could limit global warming to 2 degrees C, IEA projects that an
additional 18 percent, or $ 5 trillion, in
cumulative investment would be needed through 2035.
For instance, GEA (2012) projects an approximately 24 billion USD2010 in
cumulative additional investment needs for realizing these advanced scenarios, but estimates an over 65 billion USD2010 in
cumulative energy cost savings until 2050.
In a report launched at the Berlin Energy Transition Dialogue, they also say that increasing
cumulative energy system
investment by 30 % to 2050, favouring renewable energy and energy efficiency, could create over 11 million
additional energy sector jobs, completely offsetting job losses in fossil fuels.
Further significant cost reductions across the range of renewables and enabling technologies will be major drivers for increased
investment, but
cumulative additional investment would still need to amount to US$ 29 trillion over the period to 2050.