Installed solar and wind capacity is set to treble from now until 2030, and treble again between 2030 and 2050 to reach 31TW, according to BloombergNEF (BNEF).
As of today, less than 10% of the necessary solar and wind power needed for a 2050 global net zero scenario exists, whilst global electricity generation will need to more than triple to 80,000TWh, according to the 2022 BloombergNEF (BNEF) New Energy Outlook.
