World’s Big Money Bets On New Energy

Worldwide Renewable Energy Investment Hits A New Record

Alejandro Davila Fragoso, March 24, 2016 (ThinkProgress)

“Renewable energy investment set a new world record in 2015, with emerging economies led by China topping the investment of developed nations for the first time, according to [Global Trends In Renewable Energy Investment 2016 from the United Nations Environment Program. The] world invested $286 billion in green energy — some 3 percent more than the last record set in 2011 — mostly on wind and solar…On the other hand, coal and gas-fired electricity generation drew less than half the investment made in solar, wind, and other renewables…China, the world’s largest emitter of greenhouse gases, is responsible for about a third of worldwide investment, or $102.9 billion. The United States, the second largest emitter, is a distant second with $44.1 billion — 20 percent less than it invested in 2014…Were it not for renewables — excluding hydro energy — annual global CO2 emissions would have been about 1.5 metric gigatons higher in 2015...[but forecasting organizations say a peak in power sector CO2 emissions this decade is unlikely, and there’s doubt about a peak in emissions happening even early in the next decade…” click here for more

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