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Is the headline figure here actually kind of small? | The IEA finds that global offshore wind capacity may increase 15-fold and attract around $1 trillion of <
by pithymaxim 7y ago
Is the headline figure here actually kind of small?
| The IEA finds that global offshore wind capacity may increase 15-fold and attract around $1 trillion of <<cumulative>> investment by 2040.
Averaged over the next 20 years, that's $50 billion per year, or 2.5 percent of oil and gas revenues in 2017[0], or 7 percent of what was invested in oil and gas supply in 2016[1]. I could be thinking about this wrong but it seems like there numbers could have been much more encouraging.
[0] https://www.investopedia.com/ask/answers/030915/what-percentage-global-economy-comprised-oil-gas-drilling-sector.asp https://www.investopedia.com/ask/answers/030915/what-percent...
[1] https://www.reuters.com/article/us-iea-energy-investment/electricity-investments-surpass-oil-gas-for-second-year-running-iea-idUSKBN1K70KB https://www.reuters.com/article/us-iea-energy-investment/ele...