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The growing share of the global renewable energy market

Posted By Slonger on Business

Renewable energy has always been a very coveted means of clean energy but it’s not that much fast and efficient. But the pandemic urged on having renewables means of energy to ensure a pollution-free environment. Further, The USA’s President Joe Biden is an ardent supporter of curbing global climate change. Bill Gates’s latest interview added fuel to this fire.



The market share of renewable energy is growing exceptionally



It will grow by 6.1% using CAGR. It was $928 billion in 2017, and it is expected to touch $1512.3 Billion by the year 2025. The growing share is accelerating energy production using a renewable source. It is going to be 13% of the total energy on this planet. At large, it’s a healthy move towards a pollution-free world, and with less global warming.



References:



Size of the renewable energy market



renewable energy industry outlook 2021



Renewable energy market update



Renewable Energy Market Outlook - 2025



Renewable Energy Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)


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