New solar, wind and hydropower sources were added in 2015 at the fastest rate the world has yet seen, a study says. Investments in renewables during the year were more than double the amount spent on new coal and gas-fired power plants, the Renewables Global Status Report found. For the first time, emerging economies spent more than the rich on renewable power and fuels. Over 8 million people are now working in renewable energy worldwide. For a number of years, the global spend on renewables has been increasing and 2015 saw that arrive at a new peak according to the report. About 147 gigawatts (GW) of capacity was added in 2015, roughly equivalent to Africa’s generating capacity from all sources. China, the US, Japan, UK and India were the countries adding on the largest share of green power, despite the fact that fossil fuel prices have fallen significantly. The costs of renewables have also fallen, say the authors.
BBC 1st June 2016 read more »
Guardian 25th May 2016 read more »
Investment in renewable energy was higher in the world’s poorest countries than the richest ones for the first time last year, according to a major new report. A total of about £196.5bn was spent renewable power and fuels globally in what was a record year for investment in the sector, according to the Renewables 2016 report by the Renewable Energy Policy Network for the 21st Century (Ren21). But more than £107bn of that total, which doesn’t include large hydropower schemes and heating and cooling technologies, took place in developing countries such as China, India and Brazil. Friends of the Earth said it was “shameful” that the UK was being outspent by “much poorer countries” and attacked the Government for failing to create the right environment for investors in renewables.
Independent 31st May 2016 read more »