Published on 12 Mar 2024 on Insider Monkey via Yahoo Finance
16 Countries with Cleanest Energy in the World
In this article, we will be covering the 16 countries with the cleanest energy in the world. If you want to skip our detailed analysis of the global renewable energy market, you can go directly to 5 Countries with Cleanest Energy in the World.
Renewables on the Rise: Forecasted Growth in Global Power Generation Mix
Driven by various factors such as the need to combat climate change, reduce greenhouse gas emissions, and create a sustainable energy future, the demand for renewable and clean energy is rising. The transition to renewable energy does not only benefit the environment and public health but also contributes to economic growth, job creation, and energy access in both developed and developing regions. According to a report by Precedence Research, the global renewable energy market was valued at $970 billion in 2022. The market is expected to grow at a compound annual growth rate (CAGR) of 8.5% from 2023 to 2032 to reach a value of more than $2.18 trillion by the end of the forecast period. While the Asia-Pacific region was the largest market in 2022, North America is expected to be the fastest-growing region during the forecast period. China and the United States both rank high among the countries with the most clean energy production.