May 31 2023
From 2015 to 2022, the worldwide deployment of clean energy resources grew from 120 GW per year to 325 GW per year. By 2030, our reference outlook sees this figure reach 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 7 years—about 35% more than was spent in 2022.
The video and its underlying analysis are part of the Global Power and Renewables service, part of S&P Global Commodity Insights.