New Energy’s Decade-Long Boom Goes On
Global renewable energy has quadrupled over past decade; With solar leading the way, clean energy capacity growth is helping the planet avoid billions of tons of carbon dioxide emissions each year.
Brian Bienkowski, September 5, 2019 (Environmental Health News)
“Renewable energy capacity quadrupled across the planet over the past decade and energy from solar power increased 26 times from what it was in 2009…The Global Trends in Renewable Energy Investment 2019 report finds renewables [excluding hydropower] accounted for 12.9 percent of global electricity in 2018—up from 11.6 percent in 2018…[It added 1.2 terawatts of New Energy capacity over 10 years, more than today’s entire U.S.] electricity generating fleet…This continued growth—led by solar, which accounts for about a quarter of all renewable energy and was the most added energy source of any kind during the period studied—gave the planet a reprieve from an estimated 2 billion tons of carbon dioxide emissions last year…[Global investments reached] more than $2.6 trillion…
China led the way in renewable investment, committing about $758 billion between 2010 and early 2019. The U.S. was second to China, committing less than half that amount over the same time—$356 billion…Japan was third, investing $202 billion, and Europe, as a whole, invested about $698 billion…Developing countries, excluding China and India, invested about $47.5 billion in added capacity in 2018—a 22 percent increase over the previous year and the highest total for a single year ever…Vietnam's renewable energy capacity investment, for example, increased ninefold from 2017 to 2018, reaching $5.2 billion…[S]ustained renewable energy progression needs to continue if the planet is to avoid the worst potential impact from climate change…” click here for more