01 Jul '14, 6pm

Renewables to receive 2/3 of $7.7 TRILLION in energy investments by 2030

Renewables to receive 2/3 of $7.7 TRILLION in energy investments by 2030

From today to 2030, it is estimated that about $7.7 trillion (with a "T") will be invested in energy production around the world, with about half of that amount going to Asia where power needs are growing quickly. The good news is that renewable energy soon won't be "alternative" energy, it'll be the main course; Bloomberg New Energy Finance estimates that over the next 16 years, the world will go from being about 2/3 powered by fossil fuels to over half of the energy coming from zero-emission sources, with renewables making up over 60% of the 5,579GW of new capacity and $5.1 trillion, or about 65% of the $7.7 trillion of new investment.

Full article: http://www.treehugger.com/energy-policy/renewables-receiv...

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