Goldman Sachs says renewables spending will overtake oil and gas by next year

CAPITAL expenditure on renewable power is set to overtake spending on oil and gas drilling by 2021 for the first time in history, with Goldman Sachs estimating a US$16 trillion spend on green energy globally by 2030.

Goldman Sachs says renewables spending will overtake oil and gas by next year Goldman Sachs says renewables spending will overtake oil and gas by next year Goldman Sachs says renewables spending will overtake oil and gas by next year Goldman Sachs says renewables spending will overtake oil and gas by next year Goldman Sachs says renewables spending will overtake oil and gas by next year

 

A research note released overnight said renewables, including biofuels, will account for about a quarter of all energy spending next year, up from roughly 15% in 2014 , as borrowing rates have

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