Asian renewable investments expected to double to $1.3T by 2030

Reuters:à‚ Asia Pacific investments in renewable energy generation by 2030 may double to $1.3 trillion from the previous decade, dwarfing fossil fuel power expenditures that are expected to drop by about 25% to $54 billion annually, according to Wood Mackenzie. ࢀœAsia Pacific power generation investments are leading the world and expected to hit $2.4 trillion in the current decade, with renewables accounting for over halfࢀ¦of power investments,ࢀ the consultancyࢀ™s research director Alex Whitworth said China, Japan, India, South Korea and Taiwan are among the top contributors to renewable investments, which include solar and wind, in Asia Pacific with an average…