NEWS

ERA SOLAR

2022-05-04

Renewable energy will become the hot spot of investment in the global energy field this year

On the same day, the International Energy Agency released the "Global Energy Investment Report", predicting that this year's global energy investment will reach 1.9 trillion US dollars, an increase of 10% year-on-year, and basically return to the pre-epidemic level, of which 70% of the investment is concentrated in the field of renewable energy. Specifically, the power sector will absorb about 50% of the investment, with solar and onshore wind becoming hot investment areas as installation costs fall.

According to the report, investment in renewable energy in developing countries has been more affected by the epidemic than in developed countries. Most developing countries tend to prefer fossil fuels such as coal and oil in the process of economic recovery. As a result, the current global energy industry is still deviating from carbon neutrality in 2050. On track, the carbon neutrality goal will not be achieved if the investment pattern from 2017 to 2021 continues.

The report pointed out that this year's global investment in clean energy technology and efficiency will reach 750 billion US dollars, but the construction of a sustainable energy system is a drop in the bucket. If the world is on the track to achieve carbon neutrality in 2050, global clean energy investment will need to increase from 2020 to 2030. double.

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