Goldman Sachs analyst Michele Della Vigna and her colleagues have issued a research note for investors that claims investments in renewable energy are set to overtake those in oil and gas for the first time next year. They think the clean energy field, including biofuels, will be a $16 trillion investment opportunity between now and 2030, according to a report by Bloomberg. The research note says renewables will represent about 25% of all energy spending in 2021 — up from 15% in 2014.
Goldman Sachs is all about making money. Social justice and saving the planet so people can continue to live on this Earth are all just window dressing — nice to have, but hardly necessary in the view of gimlet-eyed Wall Street traders. So what is driving this expansion in renewable energy? Financial considerations, of course.
(Source: Clean Technica)