Full Title: Global Trends in Renewable Energy Investment 2016
Author(s): United Nations Environmental Programme
Publisher(s): United Nations Environmental Programme
Publication Date: January 1, 2016
Full Text: Download Resource
Description (excerpt):
Renewable energy set new records in 2015 for dollar investment, the amount of new capacity added and the relative importance of developing countries in that growth. All this happened in a year in which prices of fossil fuel commodities – oil, coal and gas – plummeted, causing distress to many companies involved in the hydrocarbon sector. So far, the drivers of investment in renewables, including climate change policies and improving cost-competitiveness, have been more than sufficient to enable renewables to keep growing their share of world electricity generation at the expense of carbon-emitting sources.