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Booming Investment In Renewables Is Set To Continue In 2023 And Beyond

Mount Equity Group Tokyo Japan > News > Business > Booming Investment In Renewables Is Set To Continue In 2023 And Beyond

ZAOZHUANG, CHINA – SEPTEMBER 12: Aerial view of a wind-solar hybrid photovoltaic power station on … [+] September 12, 2020 in Zaozhuang, Shandong Province of China. (Photo by Li Zongxian/VCG via Getty Images)

VCG via Getty Images

Climate tech has come to the fore like never before with its potential to be a safe haven investment in a macroeconomic environment of uncertainty.

Within the next five years, PitchBook forecasts the climate tech sector will become a $1.4 trillion market – this represents a compound annual growth rate for climate tech of 8.8%. – enough to make any self-respecting investor raise eyebrows.

Renewables have clearly come out as the winners of 2022 and the coming years. Russia’s invasion of Ukraine sparked an energy pricing crisis that highlighted the urgency of transitioning to clean energy – not just for the sake of the environment – but for economic and political stability. Interest in wind, solar…

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