Global energy interconnection “cost-effective” solution to climate change

Building global energy interconnection (GEI) is a cost-effective solution to climate change, according to a report released here Thursday by the Global Energy Interconnection Development and Cooperation Organization (GEIDCO).

“GEI provides a technically advanced, cost-effective, viable and scalable solution to global climate governance, playing a key role in advancing the implementation of the Paris Agreement and winning the race against climate change,” Liu Zhenya, chairman of the Beijing-based GEIDCO, said at a thematic event of the ongoing United Nations (UN) Climate Change Conference (COP25).

“It is estimated that GEI can get a comprehensive benefit of 9 U.S. dollars for every 1 dollar invested between 2020 and 2050, which has a significant advantage,” said Liu.

According to the report, by 2050, cumulative investments in the energy system under the GEI 2-degrees Celsius and 1.5-degrees Celsius scenarios will be 78 trillion dollars and 92 trillion dollars respectively, lower than any other global scenarios, boosting economic development and reducing carbon emissions at the same time.