Clean power projects in G-20 nations could garner $2.3 trillion in private investments by 2020, says a new report by the Pew Charitable Trust.
Major energy demand combined with supportive federal policies have made Asia – in particular China and India – a hot spot for clean energy development. This growth potential exists in other G-20 nations, which stand to receive an additional $546 billion in investments over the next decade on a “business as usual” basis. However, implementing more industry-friendly government policies could boost that figure significantly.
“The message of this report is clear: countries that want to maximize private investments, spur job creation, invigorate manufacturing and seize export opportunities should strengthen their clean energy policies,” emphasized Phyllis Cuttino, director of the Pew Climate and Energy program. Read more here or download the full report.