Global RES market requires $5.2 trillion in investment by 2050
01:07
The global development of renewable energy will require – according to the current International Energy Agency (IEA) scenarios – $5.2 trillion in investment by 2050, according to an EY study.
“The driving force behind the change towards renewable energy is a handful of world leaders – these countries are also their biggest beneficiaries, as they attract most of the money stream allocated to the development of renewable energy. They can accelerate the transformation. The United States and China stand out through a huge inflow of capital and the dynamic development of patents in this area,” the report reads.
The USA is not only an opinion leader but also has a significant advantage over other economies in terms of corporate investment in renewable energy. American companies have attracted more than half of venture capital invested in renewable energy – three times more than the entire European Union.
Sweden, Norway, and Denmark, followed by other Western European countries and New Zealand are at the forefront of the World Economic Forum's Energy Transition Index (ETI). Developing countries are classified below. In this ranking, Poland is in a distant 62nd place.
