China tops the latest EY’s Renewable energy country attractiveness index (RECAI) for the third time consecutively, with the US and Germany overtaking India, which falls from second to fourth position. The UK and the Netherlands are notable climbers (to positions seventh and ninth respectively), while Taiwan re-enters the bi-annual top 40 ranking.
The Global Trends in Renewable Energy Investment 2018 report, published on April 5th by UN Environment, Frankfurt School – UNEP Collaborating Centre, and Bloomberg New Energy Finance, finds that falling costs for solar electricity, and to some extent wind power, is continuing to drive deployment. Last year was the eighth in a row in which global investment in renewables exceeded $200 billion – and since 2004, the world has invested $2.9 trillion in these green energy sources.
New analysis shows how cheap renewables and flexible demand could replace more than half of European coal and gas generation by 2030, while reducing system cost and almost doubling emissions savings from the power sector, compared to current plans.
European Investment Bank (EIB) and Europe’s leading National Promotional Banks announces the launch of Marguerite II, a pan-European infrastructure fund with total commitments in excess of EUR 700m, ensuring continued support to key infrastructure investments in renewables, energy, transport and digital infrastructure by the Marguerite platform.
“Global Trends in Renewable Energy Investment 2016“, the 10th edition of UNEP’s annual report, launched today by the Frankfurt School-UNEP Collaborating Centre for Climate & Sustainable Energy Finance and Bloomberg New Energy Finance (BNEF), says the annual global investment in new renewables capacity, at $266 billion, was more than double the estimated $130 billion invested in coal and gas power stations in 2015.