Hacker News new | ask | show | jobs
by pithymaxim 2424 days ago
Is the headline figure here actually kind of small?

| The IEA finds that global offshore wind capacity may increase 15-fold and attract around $1 trillion of <<cumulative>> investment by 2040.

Averaged over the next 20 years, that's $50 billion per year, or 2.5 percent of oil and gas revenues in 2017[0], or 7 percent of what was invested in oil and gas supply in 2016[1]. I could be thinking about this wrong but it seems like there numbers could have been much more encouraging.

[0] https://www.investopedia.com/ask/answers/030915/what-percent... [1] https://www.reuters.com/article/us-iea-energy-investment/ele...