US, China Policy Changes Cloud Global Renewables Outlook

2025-10-10 02:02:55

(MENAFN- Investor Brand Network) With major economies like China and the U.S. retreating from their climate commitments , the International Energy Agency recently cut its renewable capacity projection for 2030 by nearly 900 gigawatts . The Paris-based organization now expects 4,600 gigawatts of renewable capacity by decade's end compared to last year's 5,500 gigawatt forecast, effectively confirming failure to achieve the international target of tripling clean energy deployment by 2030.

For-profit entities like PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FRA: 103) now have an opportunity to take the lead in driving the uptake of renewable energy in the absence of sufficient...

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