Business
AEMO leads global push for $10 trillion of investment in next 10 years to slash emissions – RenewEconomy
AEMO champions global push to unlock $10 trillion of new investments in renewables and storage to slash emissions by 50 pct in a decade.
Between various energy forecasts of the coming decades, one consistent trend emerges: in power systems around the world, renewables – wind and solar – will grow far faster than has been previously predicted. The economics have changed at breakneck pace over the past decade, meaning these technologies are now the default replacement for existing coal and gas-fired power stations. That means more effort is needed to ensure grids are upgraded and updated to suit new forms of energy technology.
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