By Michelle Froese | June 21, 2018 “The Future of U.S. Renewable Energy Investment: A Survey of Leading Financial Institutions,” collected data and insights from senior-level respondents across banking institutions, asset managers, private equity firms and other financial firms that together represent approximately one third of annual U.S. renewable energy investment. Download the report here. The American Council on Renewable Energy (ACORE) launched a new campaign that aims to reach $1 trillion in U.S. private sector investment in renewable energy and enabling grid technologies by 2030. Through $1T 2030: The American Renewable Investment Goal, the country’s major providers of capital for energy infrastructure projects have now come together in a coordinated effort to accelerate the investment and deployment of renewable power as the sector moves to the next stage of market maturity. $1T 2030 is managed through the Partnership for Renewable Energy Finance (PREF), a senior-level ACORE member program widely regarded as the nation’s most credible educational resource on renewable energy finance. The campaign will leverage the network of ACORE members and supporters, highlighting a combined set of common sense policy reforms and distinct market drivers that are necessary to reach this ambitious goal. In the absence of new policies, most analysts expect the recent booming pace of renewable investment to decline in the early 2020s, but if we adopt the pathway for growth articulated by this campaign, America will close the innovation and investment gap with other nations, build on the impressive track record of job creation in wind, solar, and related fields, and stay within striking distance of the U.S. commitment for greenhouse gas emission reductions outlined in the Paris Accord. The pathway to $1 trillion includes: Some key market drivers include: $1T 2030 is founded on a range of insights drawn from an ACORE survey of renewable energy investors gauging confidence in the U.S. renewable sector and the impacts of supportive policy reforms and market drivers.
The American Council on Renewable Energy ( Acore ) has launched a campaign to raise $ 1tn of private sector investment in renewable energy technology by 2030 . The campaign wants to close what analysts say will be a growing innovation and investment gap between the US and other nations as a lack of new policies towards US renewables investment . The energy organisation believes the investment will allow the US to remain close to the targets agreed in the Paris Accord on greenhouse gases . Acore supports federal policies to commit to emission - free electricity , modernisation of the grid and reforms to make renewables investments grow .