The agency also expects renewables’ share of power generation to rise to 28% by 2021. To put things in perspective, coal power plants supplied about 39% of the world’s power in 2015 while renewables accounted for 23%.
Investors can play the rising growth in renewables through clean energy sector-related ETFs. For starters, the Guggenheim Solar ETF (NYSEArca: TAN) and the Market Vectors Solar Energy ETF (NYSEArca: KWT) track global solar photovoltaic panel producers. The First Trust Global Wind Energy Fund (NYSEArca: FAN) focuses on the wind industry.
ETF investors can also track the broader green energy industry through the PowerShares WilderHill Clean Energy Portfolio (NYSEArca: PBW) and First Trust NASDAQ Clean Edge Green Energy Index Fund (NasdaqGS: QCLN), which both track U.S. clean energy companies, including solar photovoltaics, biofuels and advanced batteries.
For more information on renewables, visit our clean energy category.