A U.N.-backed special report on renewable energy resources says that renewable energy sources like wind and solar energy could meet as much as 80 percent of the global energy mix by 2050 if major economies create the right incentives.
"Industrialized nations need to create the right policy conditions and incentives so that the development and installation of clean energy technologies also receive a major boost in their own energy mixes," said Christiana Figueres, the executive secretary of the U.N. Framework Convention on Climate Change, in a statement.
The findings suggest that if major economies embrace renewable energy fully, greenhouse gas emissions could stay low enough to keep climate change in check.
Figueres said that for significant change in the global energy mix to happen, nations must start using renewable resources "on a very large scale."
"It is also clear that ambitious national policies and strong international cooperation are together the key to the swift and extensive deployment of renewable energies in all countries," she added.