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May 25, 2023
How will global investments in clean energy evolve to 2030?
From 2015 to 2022, worldwide deployment of clean energy resources grew from 120 GW per year to 325 GW per year. By 2030, in our reference outlook, this figure reaches 540 GW annually. This evolution is transforming power market operations worldwide, stimulating the sector's supply chains and advancing the global effort to decarbonize.
In this brief video, S&P Global Commodity Insights shows quantitatively how we expect investments in clean energies to grow rapidly from now to 2030.
On average, we expect global capital expenditure in zero-carbon technologies to surpass $700 billion annually during the next seven years — about 35% more than was spent in 2022.
The information summarized in this video is sourced from the Global Power and Renewables service and the Clean Energy Technology service, both part of S&P Global Commodity Insights.
Etienne Gabel, senior director at S&P Global Commodity Insights with the Global Power and Renewables team, specializes in the analysis of market and regulatory developments in power sectors worldwide.
Francesco d'Avack, associate director at S&P Global Commodity Insights, coordinates outlooks for power and renewable market fundamentals, including capacity and generation outlooks, and he leads the global cost analysis for renewables.
Posted on 25 May 2023
This article was published by S&P Global Commodity Insights and not by S&P Global Ratings, which is a separately managed division of S&P Global.
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