About half of the investment will be in Asia, the region where power capacity will grow the most, according to the forecasts in a report released by Bloomberg New Energy Finance. That will help global carbon dioxide emissions peak by the end of the next decade the London-based researcher said.
The 2030 Market Outlook is Bloomberg New Energy Finance’s long-term view of how the world’s power markets will evolve to 2030. These are the findings from the global overview report, covering the major economic and technological findings.
By 2030, the world’s power mix will have transformed: from today’s system with two-thirds fossil fuels to one with over half from zero-emission energy sources. Renewables will command over 60% of the 5,579 GW of new capacity and 65% of the $7.7 trillion of power investment.
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