A renewables-based economy (RBE) is an economy in which renewable energy is the organising principle of economic activity, social wellbeing, environmental sustainability and peaceful development. The transition to this economy relies on three main shifts:
- Renewable Energy Transition: Moving from fossil fuel-based systems to economies powered increasingly by renewable energy sources such as solar, wind, hydropower, geothermal and sustainable bioenergy.
- Electrification & System Integration: Expanding the use of renewable electricity across transport, buildings, industry and agriculture while integrating grids, storage, flexibility and sector coupling.
- Circular & Resilient Resource Systems: Shifting from extractive and linear models toward more circular, resource-efficient and resilient systems that reduce waste, strengthen supply chains and support long-term sustainability.