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Renewable Energy's About To Dominate Global Power Investments


Bad news if you're getting tired of reading new headlines every day about the rapid growth of renewables across the world – they're only going to keep increasing.

Renewable energy could represent up to 65% of the $7.7 trillion in new power plant investments and 60% of all new capacity additions expected over the next 15 years, forecasts Bloomberg New Energy Finance's (BNEF) 2030 Market Outlook.

BNEF's outlook marks a watershed moment in the world's energy mix – not just a transformation of how we get our electricity, but the moment global carbon dioxide emissions peak and stop growing. Perhaps best of all, BNEF's renewable electricity forecast tracks with transportation sector predictions across the same time period, meaning rapid decarbonization could be just around the corner.

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