Marubeni: Advancing Renewable Energy for a Sustainable Low-Carbon Future

The size of the global renewable energy market was estimated to be USD 1.51 trillion as of 2024 and is expected to grow to USD 4.86 trillion by 2033 at a CAGR of 14.9% during 2025-2033. The global transformation toward low-carbon energy solutions and stringent environmental regulations in developed economies is witnessing tremendous growth of the renewable energy industry. In addition, the global renewable energy sector is dominated by the imperative to cut greenhouse gas emissions, diversify energy sources, and provide long-term energy security. Multilateral climate agreements and national net-zero pledges have pushed governments to adopt ambitious renewable energy targets and put in place supportive policies, such as feed-in tariffs, tax credits, and green bonds.