World New Energy Needs New Money
Global Landscape of Renewable Energy Finance
January 2018 (International Renewable Energy Agency)
“Massive flows of finance are needed to accelerate renewable energy investments. More investment in renewables would reduce energy-related carbon emissions, a key element in efforts to limit global warming….[A concise, accessible summary of finance flows to renewables around the world from 2013 to 2016 shows that though] investment in renewables dipped in dollar terms in 2016-2017, they have continued to gain ground against conventional energy sources, particularly for new power plants…Renewable energy capacity has grown at record-high levels, even as investment has dipped in dollar terms in 2016…
Investment levels are highly responsive to policy changes…Offshore wind investment has risen steadily – quadrupling in 2013-2016 – and is poised for further growth…Private sources provide [over 90%] of renewable energy investment globally…But public finance can play a key enabling role – covering early-stage project risk and getting new markets to maturity…Project developers account for about two-fifths of private investment…[Institutional investors] make up less than 5% of new investments…” click here for more
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