Its role in power supply would be nine times larger

It could supply up to around 34% of global electric power demand in 2040 (up from 4% today). That is 14,000 TWh, equivalent to total power generation in China, Europe and USA today.

It could reduce around 20% of the carbon emission reductions needed in 2040

5 billion ton CO2 (the emissions of double of the vehicles in use in the world today).

The renewable energy industry is core to many Sustainable Development Goals (SDGs) , especially SDG 7, which focuses on access to affordable, reliable, and sustainable energy and SDG 13, which centers on urgent action to combat climate change.
In a sustainable scenario...
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C02 reductions
The benefits of CO2 reductions from wind in 2050 are estimated at $386 billion (reduced social cost), similar to Norway’s GDP today.
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Air pollution
All renewables together would reduce air pollution enough to save up to 4 million lives per year in 2030.
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Water savings
Wind power could save up to 16 billion m3 of water in 2030 (around 15% of the Dead Sea water). In Europe alone, it would avoid the use of 1,571 million m3 (the equivalent consumption of 13 million UE households).
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Capacity of employment
The wind industry could employ three times more people than today, from 1.1. to 3 million people (direct and indirect). Many of these jobs are local and qualified, adding significant economic value to most regions.
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Dependable offshore wind
Offshore wind is less intermittent. Hence, it is a clear alternative to provide with predictable renewable power to large coastal demand centers.
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Green investment
Investors are increasingly betting on “green” assets. More than 90% of renewable energy investment (debt and equity) comes from the private sector. The global sustainable debt market has increased 4,900% between 2012 and 2018, reaching USD 247 billion.
Executive Summary
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Full study
The socioeconomic impacts of wind energy in the context of the energy transition