Q: What are the projected growth metrics for the global renewable energy sector through 2025, and what primary factors are accelerating this expansion?
A: The worldwide green energy industry is anticipated to reach a valuation of $1.5123 trillion by 2025, demonstrating a 6.1% compound annual growth trajectory. This upward trend is primarily driven by sustained governmental and public advocacy for sustainable energy solutions, coupled with escalating concerns regarding climate change and the environmental repercussions of fossil fuel dependency. These factors have stimulated consistent investment in renewable power infrastructure, while technological advancements continue to enhance sector viability.
Notable indicators of this growth include the UK's renewable energy capacity projections, which are expected to surge to 86.21GW by 2026—marking a 47.16GW increase from 2019 levels at a compound annual growth rate exceeding 9%. On a global scale, renewable energy installations expanded from 2,455GW in 2020 to a projected 3,812GW by 2026, reflecting the accelerating transition toward low-carbon energy systems worldwide.
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