Global investment in new renewable energy capacity over this decade — 2010 to 2019 inclusive — is on course to hit USD 2.6 trillion, with more gigawatts of solar power capacity installed than any other generation technology, according to new figures published in Global Trends in Renewable Energy Investment 2019 report.
“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.
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According to Frankfurt School-UNEP Centre’s Global Trends in Renewable Energy Investment 2015 latest report based on data from Bloomberg New Energy Finance (BNEF), global investments in renewable energy rebounded strongly last year, registering a solid 17% increase to $270.2 Billion in 2014 after two years of declines, which reflected several influences, including a boom in solar installations in China and Japan, totalling $74.9 billion between those two countries.
