Sector Focus

Necessity

• Environmental impact - contribute to mitigating climate change and reducing greenhouse gas emissions;

• Economic growth and job creation - stimulate local economies, create jobs across various sectors, and attract investment in related industries;

• Energy security and independence - reduce dependence on imported fossil fuels, and vulnerability to geopolitical risks and price fluctuations.

Opportunity

• Energy transition - benefits from increasing demand for clean energy;

• Price competitiveness - benefit from energy cost and price reductions;

• Regulatory support and incentives - benefits from feed-in tariffs, tax credits and investment incentives;

• Technological advancements - benefits from technology increased efficiency, affordability and adoption.

Global renewable energy market - US$ 1,030.95 billion in 2022 | US$ 1,998.03 billion by 2030 | CAGR of 8.6%
Source: “Renewable Energy Market - Global Analysis” by Precedence Research, April 2022

Why Renewable Energy and Sustainability?

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