$12 trillion on renewables & grid infrastructure in the U.S. and Canada by 2050 ...Middle East

Sept. 25, 2023 Federal and household spending on energy in the U.S. and Canada will drop sharply as the two countries reduce their reliance on fossil fuels, according to DNV’s Energy Transition Outlook North America.  The new report explores the most likely energy future of the U.S. and Canada to the middle of the century and it forecasts 12 trillion dollars will be spent in the two countries on grid and renewables between now and 2050.  The intrinsic efficiency of renewables and electrification means that overall expenditure on energy will be the equivalent of 2.5% of GDP by 2050, compared to 4% now.  The report forecasts capital expenditure (CAPEX) on renewables will overtake fossil fuel

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