An American-wide business group has set a goal of generating $1 trillion in renewable energy investment by 2030.
The American Council on Renewable Energy (ACORE) said the plans will help ensure the country doesn’t miss out on the ‘economic benefits’ offered by ‘this booming global industry’.
“Renewable energy has come a long way and is economically competitive, but if we accept business-as-usual projections that predict a decline in annual investment and deployment levels in just a few years due to an uneven policy playing field, we will cede U.S. leadership and the immense range of economic benefits that come from being a dominant player in this booming global industry. With the $1T 2030 campaign, the investment community is charting a course to modernise America’s energy infrastructure that will create massive economic opportunities over the next decade and beyond,” said Gregory Wetstone, ACORE President and CEO.
The move by ACORE companies mirrors the strong push being made by communities across America for a shift to renewable energy – something explored in our article with Jodie Van Horn, Director of the Sierra Club’s Ready for 100 campaign.