Quadrupling Investments: The Clean Fuel Revolution by 2030
A recent World Economic Forum study finds that global clean fuel investments must increase fourfold from USD 25 billion to over USD 100 billion annually by 2030 to meet clean energy goals. The report highlights clean fuels' potential in job creation and energy diversification, requiring coordinated efforts in policy and finance.
- Country:
- India
A new World Economic Forum study highlights the urgent need to significantly boost investments in clean fuels, projecting a fourfold increase from the current USD 25 billion to over USD 100 billion annually by 2030. The report underscores clean fuels' role in enhancing energy security and stimulating economic growth.
The document, collaboratively created with Bain & Company, details how clean fuels—encompassing biofuels and hydrogen derivatives—can create jobs and diversify energy supply. It emphasizes the importance of policy and financial measures to turn global clean energy ambitions into tangible projects.
Despite current interest, many clean fuel initiatives face hurdles like high initial costs and fragmented value chains. The study calls for well-designed public-private collaborations and policy frameworks to align investments with long-term national economic values and sustain future growth.
(With inputs from agencies.)
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