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

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Reuters: 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. “Asia Pacific power generation investments are leading the world and expected to hit $2.4 trillion in the current decade, with renewables accounting for over half…of power investments,” the consultancy’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...