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Green power to draw USD 11tn investment by 2050, BNEF says

Sustainably sourced electricity will attract USD 11 trillion up until 2050 in step with declining prices on renewable energy and increased electrification, BNEF reports.

Photo: Amanda Perobelli/Reuters/Ritzau Scanpix

Green power is set to draw around USD 11 trillion of investment in the coming decades as the cost of renewables plummets and more of the world’s energy comes from electricity.

That’s the latest analysis from BloombergNEF in its annual New Energy Outlook report. It’s further evidence of how cheap renewable power sources will continue to push aside fossil fuels in the energy mix.

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