Climate Changed
China, India Seen as $4 Trillion Opportunity for Energy by 2040
- China to remain biggest emitter and renewable power producer
- India to become 2nd-biggest power system in the world
How to Hit the Brakes on Climate Change
This article is for subscribers only.
China and India will be the biggest recipients for new investment in power-generating capacity by 2040, representing a $4 trillion opportunity for the energy sector.
China will require $2.8 trillion of spending for 2,547 gigawatts of new capacity, while India needs $1.2 trillion, according to a Bloomberg New Energy Finance outlook forecasting how energy markets will evolve by 2040. China’s wind and solar capacity will increase eightfold through to 2040, retaining the nation’s role as a global powerhouse of clean energy.