Goldman Sachs predicts $A23 trillion renewables investment opportunity by 2030

RENEWECONOMY | The prestigious American investment bank and financial services company Goldman Sachs Group expects renewable energy spending to overtake that of oil and gas in 2021 for the first time in history, leading to a total investment opportunity of up to $US16 trillion ($A23.2 trillion) by 2030.

In a research note published on Tuesday, Goldman Sachs Equity Research made the somewhat anticlimactic claim that “clean tech has a major role to play in the upcoming economic recovery.” Specifically, Goldman Sachs expects clean technology to drive as much as $US1-2 trillion ($A1.45-3 trillion) per annum in infrastructure investments and create between 15-20 million jobs worldwide through public-private collaboration.

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