Cutting down CO2 emissions could help increase the amount of power generated by renewable cheap energy sources, a new report says.
According to a study by Greenpeace, the world could produce 95 per cent of the electricity it needs from sustainable sources within 40 years by reducing greenhouse emissions from the energy and transport sectors by 80 per cent.
The Energy [R]evolution report estimates that the transition to a low carbon economy will require total investments of $18 trillion (£12.4 trillion) by 2030 and eco policies such as energy efficiency standards, feed-in tariffs and smart grids.
Moreover, 12 million jobs could be created in the energy sector by 2030, with 8.5 million in the renewables sector alone.
Sven Teske, Greenpeace International's senior energy expert, said: "The 2010 Energy Revolution report outlines pathways towards a 100 per cent renewable energy supply for the world.
"It demonstrates that there is no technological barrier to achieving this vision and reaping its many benefits in terms of the environment and jobs."
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