I can literally see the water running down their mouths. 11 trillion – enough to give anyone stary eyes. Except – like all hot ai bubbles this one is going to pop faster than everyone dares to think. Cold weather is the enemy of renewables as they are not on demand but rather expensive “good-for-nothings” in the landscape. And COVID has burned even the semblance of excess cash away. Now it’s going to be fundamentals for life – no money for bling.
Green power is set to draw around $11 trillion of investment in the coming decades as the cost of renewables plummets and more of the world’s energy comes from electricity.