Global Trends in Renewable Energy Investment 2017
As the cost of clean technology continues to fall, the world added record levels of renewable energy capacity in 2016, at an investment level 23% lower than the previous year, according to new research published on 6 April by UN Environment, the Frankfurt School-UNEP Collaborating Centre, and Bloomberg New Energy Finance.
Global Trends in Renewable Energy Investment 2017 finds that wind, solar, biomass and waste-to-energy, geothermal, small hydro and marine sources added 138.5 gigawatts to global power capacity in 2016, up 8 per cent from the 127.5 gigawatts added the year before. The added generating capacity roughly equals that of the world's 16 largest existing power producing facilities combined.
"Ever-cheaper clean tech provides a real opportunity for investors to get more for less," said Erik Solheim, Executive Director of UN Environment. "This is exactly the kind of situation, where the needs of profit and people meet, that will drive the shift to a better world for all."