Taking action to stay within 1.5ºC

Transforming the global energy system

to combat climate change

Table of Contents
  1. Foreword
  2. Executive Summary
  3. The climate challenge
  4. Transforming the global energy system
  5. The role of the power sector
  6. Key questions about green power
  7. Benefits of going green
  8. Next steps
  9. Ørsted's transformation
  10. Get in touch with the authors
  11. About Ørsted

A greener, healthier and more prosperous world


Limiting global warming to 1.5°C through electrification and green energy build-out brings significant benefits for the environment and climate. In addition, making the switch from a black to a green energy system also brings a number of other material and societal benefits.


Accelerating the global transformation from black to green energy can:

Citation Due to the nature of such projections, estimates of future benefits are subject to great uncertainty.

Save up to 4 million lives a year due to cleaner air

  • Each year, around 7 million people die from diseases related to indoor and outdoor air pollutionCitation World Health Organization (2016) Ambient air pollution: a global assessment of exposure and burden of disease.
  • Accelerating the transition to clean energy and improving air quality could save up to 4 million lives a year by 2030Citation IRENA (2016) The True Cost of Fossil Fuels: Saving on the Externalities of Air Pollution and Climate Change.


Help deliver electricity to the people who do not currently have power

  • Almost one billion people have no access to electricity, which negatively impacts public health, education and economic growthCitation IEA (2018) World Energy Outlook.
  •  Investing in distributed green solar energy is key in areas with non-existent or weak power grids, ensuring that green power can reach all corners of   the world and all of the 8.5 billion people that will be inhabiting planet Earth, in 2030

Accelerated climate action could lead to a net employment gain of up to 37 million jobs in 2030

Improve energy independence for more people and countries

  • More than two thirds of countries in the world are not self-sufficient in meeting their own energy needsCitation IEA (2019) World Energy Balances.
  • A faster build-out of renewables could save energy-importing G20 countries alone USD 1.95 trillion in energy imports in 2050Citation IEA and IRENA (2017) Perspectives for the Energy Transition.


Deliver sustainable growth

  •  Investing in transforming the energy system could boost global GDP by as much as 2.5% by 2050Citation IRENA (2019) Global Energy Transformation – Roadmap for 2050.
  • The increase is mainly due to investments in the energy system, carbon tax changes and future reduced energy expenditure


Create 37 million new jobs globally

  • Accelerated climate action could lead to a net employment gain of up to 37 million jobs in 2030Citation New Climate Economy (2018) Unlocking the Inclusive Growth Story of the 21st Century. Even though going green is a no regret move with net benefits for employment and the economy it’s important to ensure a just transition within and among countries to handle loss of jobs in some industries and support the countries that are facing the biggest challenges in going from black to green.
  • This is more than the entire labour force of the United Kingdom

     Continue to

Next steps

 

Contact us

Interested in getting to know more?

Please do send us an email if you have any questions or enquiries about the content
of this paper. Our Global Public Affairs team is here to help.

 

 

Get in touch