Asia Pacific renewable investments to double to $1.3 trillion by 2030: Woodmac

Asia Pacific investments in renewable energy generation by 2030 may double to $1.3 trillion from the previous decade, dwarfing fossil fuel power expenditures that are expected to drop by about 25% to $54 billion annually, according to Wood Mackenzie.

“Asia Pacific power generation investments are leading the world and expected to hit $2.4 trillion in the current decade, with renewables accounting for over half…of power investments,” the consultancy’s research director Alex Whitworth said