$488B+ of new capital investments6 has been deployed via the Inflation Reduction Act since August 2022 – equivalent to more than a decade’s worth of investment in U.S. clean energy.
POLICY AND REGULATORY
CHANGES
Policy and regulatory changes
MACRO TAILWINDS
$4.5 trillion per year needs to be invested in renewable energy by 2030 to be able to reach net zero emissions by 2050.
Macro Tailwinds
RETURN POTENTIAL
Growth in Corporate Pledges - The number of corporate net-zero pledges has grown 40% from June 2022 to October 2023.
Return potential
INVESTOR AND CONSUMER PREFERENCES
More consumers and institutions are asking companies to be social and environmentally responsible. Consumers are willing to pay 9.7% more for sustainably produced or sourced goods.
Investor and consumer preferences
Source: PwC Global, May 2024.
Source: Net Zero Tracker October 2023
Source: International Energy Agency, 2023.
Source: Clean Energy Investing in America", American Clean Power Association, June 2024