Within the next 15 years, the world will see up to 32% of its energy demand covered by alternative energy sources. The data comes from the nonprofit group Business for Social Responsibility and is based on predictions from the Paris agreements.
According to an EIA report, fossil fuels will continue to rule the market in the next decades, but the data from the Business for Social Responsibility report illustrates a 2 speed scenario, with renewable energy becoming and evermore integral part of a continuously changing energy mix. To date, in fact, clean energy accounts for 24% of global electric power production. A figure that tells of countries and institutions that have for years been putting policies in place that are starting to bear fruit, creating a stable renewable energy market.
The Paris agreements hold value also from a business standpoint: according to the Business for Social Responsibility, renewable energy represent an opportunity worth over $13 trillion.