A new report by UN Environment, the Frankfurt School-UNEP Collaborating Centre, and Bloomberg New Energy Finance tells the story of the latest developments, signs and signals in the financing of renewable power and fuels.
The report says that the investment in renewables capacity in 2016 was roughly double of that in fossil fuel generation, although total investment was $241.6 billion (excluding large hydro), the lowest since 2013. The corresponding new capacity from renewables was equivalent to 55 per cent of all new power, the highest to date. Global Trends in Renewable Energy Investment 2017 also finds that wind, solar, biomass and waste-to-energy, geothermal, small hydro and marine sources added 138.5 gigawatts to global power capacity in 2016, up 9 per cent from the 127.5 gigawatts added the year before.
