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BRICS expansion to widen the renewable energy gap with the G7, ushering in new global market dynamics
The planned expansion of the BRICS bloc, through the addition of new members Saudi Arabia, Iran, United Arab Emirates (UAE), Egypt, Ethiopia and Argentina, will transform the grouping into a global leader in renewable energy in the coming decades, Rystad Energy research shows. The six new members will join the BRICS group of Brazil, Russia, India, China and South Africa in January 2024. As the transition to cleaner technology accelerates, the alliance is projected to derive over 80% of its power from renewable sources by 2050, with total capacity reaching 11 terawatts (TW), more than double the combined 4.5 TW ... (full story)
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- Posted: Sep 21, 2023 1:36pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 310
