Global Renewable Energy Investments to Reach $7.4 Trillion...

Global Renewable Energy Investments to Reach $7.4 Trillion Through 2040
June 15, 2017

China and India to account for 28% and 11% of all investment in power generation.

Wind and solar to make up 48% of the world’s installed capacity and 34% of electricity generation.

Solar energy costs to drop a further 66%, onshore wind by 47% and offshore wind levelized costs to drop by 71%.

Lithium-ion battery market for energy storage to be worth at least $239 billion.

EVs to account for 13% and 12% of electricity generation in Europe and the United States, respectively.

Sluggish demand, cheap renewables and coal-to-gas fuel switching to slash coal use by 87% in Europe; the United States to see 45% drop.

Gas-fired power to see $804 billion in new investment and 16% more capacity.

Global emissions projected to drop to 4% below 2016 levels. A further $5.3 trillion investment in 3.9 [terawatts] of zero-carbon capacity would be consistent with keeping the planet on a 2-degrees-C trajectory.

http://247wallst.com/energy-economy...vestments-to-reach-7-4-trillion-through-2040/