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Home News Macro

$24 Trillion Needed for Power Grids to Hit 2050 Goals

by Team Lumida
May 30, 2024
in Macro
Reading Time: 4 mins read
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silhouette of electric post during sunset

Photo by Andrey Metelev on Unsplash

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Key Takeaways

  1. Global power grids must nearly double in size, needing $24.1 trillion.
  2. Grid investments must surpass renewables to achieve net-zero emissions by 2050.
  3. China and India can defer major grid costs until after 2035.

What Happened?

BloombergNEF’s New Energy Outlook reveals that global investment in power grids must outpace spending on renewable energy to achieve net-zero emissions by 2050. The grid network needs to almost double to 111 million kilometers, which will cost about $24.1 trillion. This compares to $22.7 trillion required for renewable energy investments to meet the same goal.

BNEF analyst David Hostert emphasized the importance of grids, noting that annual global investment must reach two to three times the historical $300 billion per year from 2020 to 2023.

Why It Matters?

A robust and expansive grid network is essential for achieving carbon neutrality by mid-century and aligning with the Paris Agreement goals. Despite the focus on renewables, grids act as the crucial enabler for distributing this green energy efficiently. Without sufficient investment, renewable energy advancements could be hampered by bottlenecks in the power network.

Nearly half of the $24.1 trillion will be directed towards distribution networks for homes and businesses, followed by $9.6 trillion for high-voltage transmission and the rest for electric-vehicle charging infrastructure.

What’s Next?

Investment in power networks will unfold in two phases. The first phase addresses current bottlenecks due to the decentralized nature of renewable energy, extending into the 2030s.

The second phase, starting in 2035, will focus on new power demand and distribution grids for industrial centers like hydrogen electrolyzers. While the U.S. and Europe will spend significantly on maintaining and upgrading aging infrastructure, China and India can defer most replacement costs until after 2035 due to their relatively newer infrastructure.

Source: BBG
Tags: Renewable
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© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018