China’s renewable energy sector presents USD 2.2 trillion investment opportunity to 2030

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Following the UAE and China’s recent landmark agreement to collaborate on renewable energy innovation, the World Future Energy Summit announced today it will host its largest-ever Chinese business delegation.

As one of the world’s largest energy consumers, renewable energy investment in China could reach USD 145 billion per year to 2030, or USD 2.2 trillion in total, according to a recent report by the International Renewable Energy Association (IRENA).

Furthermore, China will account for nearly 40 percent of the world’s renewable energy capacity growth until 2020, according to the International Energy Authority.

The UAE and China are set to be key renewable energy players, with the two countries recently signing a partnership on sustainable development and renewable energy.

“Our largest-ever Chinese contingent represents new business opportunities for both Chinese renewable energy experts in the fast-paced Middle East and North Africa market, and for international investors in China’s strong renewable energy sector,” said Naji El Haddad, Group Event Director, World Future Energy Summit.

via China’s renewable energy sector presents USD 2.2 trillion investment opportunity to 2030 | Al Bawaba.

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