Renewable energy market projections

Global investment in renewable energy has grown rapidly in recent years, driven by concerns about climate change, the increasing cost of fossil fuels and national economic policies to create jobs. Looking forward, global investment in renewable energy projects will rise from $195bn in 2010 to $395bn in 2020 and to $460bn by 2030, according to Bloomberg New Energy Finance analysis.1 Over the next 20 years this growth will require nearly $7 trillion of new capital.