October 18, 2007
Morgan Stanley: Clean Energy Sales Could Hit $1 Trillion By 2030
Morgan Stanley estimates that global sales from clean energy sources like like wind, solar and geothermal could reach $1 trillion a year by 2030, Reuters reports.
Population growth and soaring prices for fossil fuels are driving the market, along with dropping costs in clean energy and concern about energy security and climate change.
As a comparison, the GDP of the U.S. hit $13.2 trillion last year.
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