New Energy Investors Aim For A Trillion Dollar Buy
ACORE Sets Investment Goal of $1 Trillion by 2030 for U.S. Renewables; Survey of Top Investors Informs New Initiative Focused on Financing the Energy System of the Future
June 19, 2018 (American Council on Renewable Energy)
“…Based on the promising responses to a survey of major market players, a leading New Energy advocate has targeted a] $1 trillion in investment from 2018 to 2030…[The $1T 2030: The American Renewable Investment Goal] is anticipated to be roughly split between direct private investment in renewable energy and investment in grid technologies, such as energy storage, that help improve integration of renewables and ensure a modern, reliable and resilient grid system now and in the future.
In the absence of new policies, most analysts expect the recent flourishing pace of U.S. renewable investment to decline in the early 2020s, when renewable tax credits phase out, even as competing fossil fuel electricity sources retain permanent tax incentives…If the campaign reaches its goal, America will close the innovation and investment gap with other nations, build on the impressive track record of job creation in wind, solar and related fields, and stay within striking distance of the U.S. commitment for greenhouse gas emission reductions outlined in the Paris Accord…” click here for more