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Visualized: Global Clean Energy Spending Forecasts (2022-2030)

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See this visualization first on the Voronoi app.

Visualized: Global Clean Energy Spending Forecasts (2022-2030)

Global Clean Energy Spending Forecasts (2022-2030)

This was originally posted on our Voronoi app. Download the app for free on Apple or Android and discover incredible data-driven charts from a variety of trusted sources.

Global clean energy funding is projected to total $5.6 trillion between 2022 and 20230, driven by the need for alternative sources to coal, oil, and other carbon-intensive energy sources.

While this investment is essential for mitigating climate change, according to S&P Global, climate funding will still fall short of reaching the goals laid out in the Paris Agreement.

This graphic shows where this investment is projected to be allocated to over the next decade, based on forecasts from S&P Global.

Global Clean Energy Investment, by Type

By 2030, solar energy is forecast to see $2.8 trillion in global clean energy investment, the most across renewable energy sources.

TypeGlobal Investment
(2022-2030P)
Share of Investment
☀️ Distributed Solar $1.5T26%
🏢 Utility Scale Solar$1.3T23%
🌬️ Onshore Wind$1.1T20%
🌊 Offshore Wind$774.2B14%
🔋 Energy Storage$373.6B7%
♻️ Other Renewables$557.1B10%

This investment in solar accounts for nearly half of the global total, with 26% going to smaller-scale “distributed” solar systems, such as rooftop solar panels across households, businesses, and other public institutions. Comparatively, utility-scale solar is estimated to see 23% of incoming funding by 2030.

Wind power, falling next in line, is projected to attract the next largest slices of investment, totaling $1.9 trillion. More of the investment is slated to go onshore wind projects (20%), while offshore wind—which generates power on wind farms built across bodies of water—is set to receive $774.2 billion or 14% of estimated funds.

Both the U.S. and the European Union have created incentives for offshore-wind companies, including new tax credits from the Treasury Department.

Overall, current S&P Global forecasts expect $700 billion per year of renewable energy investment through 2050. However, under a net-zero model, an annual figure of $1.4 trillion would be needed to reach zero emissions by 2050.

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Energy

Charted: Global Uranium Reserves, by Country

We visualize the distribution of the world’s uranium reserves by country, with 3 countries accounting for more than half of total reserves.

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A cropped chart visualizing the distribution of the global uranium reserves, by country.

Charted: Global Uranium Reserves, by Country

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

There can be a tendency to believe that uranium deposits are scarce from the critical role it plays in generating nuclear energy, along with all the costs and consequences related to the field.

But uranium is actually fairly plentiful: it’s more abundant than gold and silver, for example, and about as present as tin in the Earth’s crust.

We visualize the distribution of the world’s uranium resources by country, as of 2021. Figures come from the World Nuclear Association, last updated on August 2023.

Ranked: Uranium Reserves By Country (2021)

Australia, Kazakhstan, and Canada have the largest shares of available uranium resources—accounting for more than 50% of total global reserves.

But within these three, Australia is the clear standout, with more than 1.7 million tonnes of uranium discovered (28% of the world’s reserves) currently. Its Olympic Dam mine, located about 600 kilometers north of Adelaide, is the the largest single deposit of uranium in the world—and also, interestingly, the fourth largest copper deposit.

Despite this, Australia is only the fourth biggest uranium producer currently, and ranks fifth for all-time uranium production.

CountryShare of Global
Reserves
Uranium Reserves (Tonnes)
🇦🇺 Australia28%1.7M
🇰🇿 Kazakhstan13%815K
🇨🇦 Canada10%589K
🇷🇺 Russia8%481K
🇳🇦 Namibia8%470K
🇿🇦 South Africa5%321K
🇧🇷 Brazil5%311K
🇳🇪 Niger5%277K
🇨🇳 China4%224K
🇲🇳 Mongolia2%145K
🇺🇿 Uzbekistan2%131K
🇺🇦 Ukraine2%107K
🌍 Rest of World9%524K
Total100%6M

Figures are rounded.

Outside the top three, Russia and Namibia both have roughly the same amount of uranium reserves: about 8% each, which works out to roughly 470,000 tonnes.

South Africa, Brazil, and Niger all have 5% each of the world’s total deposits as well.

China completes the top 10, with a 3% share of uranium reserves, or about 224,000 tonnes.

A caveat to this is that current data is based on known uranium reserves that are capable of being mined economically. The total amount of the world’s uranium is not known exactly—and new deposits can be found all the time. In fact the world’s known uranium reserves increased by about 25% in the last decade alone, thanks to better technology that improves exploration efforts.

Meanwhile, not all uranium deposits are equal. For example, in the aforementioned Olympic Dam, uranium is recovered as a byproduct of copper mining occurring at the same site. In South Africa, it emerges as a byproduct during treatment of ores in the gold mining process. Orebodies with high concentrations of two substances can increase margins, as costs can be shared for two different products.

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