Renewable race

Published onSeptember 25, 2019

Carbon dioxide (CO2) emissions from energy production, a key contributor to global warming, are still rising despite many efforts to promote greener habits. But with the world population forecast to exceed 9 billion by 2040, up from 7.7 billion today, energy demand growth of more than 25% is expected, according to World Energy Outlook 2018 by the International Energy Agency (IEA). That will require over US$2 trillion a year of investment in new energy supply…Global investments in renewable energy capacity reached $272.9 billion in 2018 — the fifth successive year they exceeded $250 billion, according to Global Trends in Renewable Energy Investment 2019 by the UN Environment Programme (UNEP) and Bloomberg New Energy Finance.