Global Trends in Renewable Energy Investment 2019

Investing in renewable energy is also an economic opportunity. It is a decision that investors around the world have been increasingly making for a decade. Global Trends in Renewable Energy Investment 2019 – released ahead of the Global Climate Action Summit – shows that in 2018, investors again put hundreds of billions of dollars behind renewable energy and the energy transition we need. The latest issue of this report – which has tracked trends and opportunities in the sector since 2004 –shows that global investment in renewable energy capacity hit $272.9 billion in 2018, far outstripping investments in new fossil fuel generation. 2018 was the fifth successive year renewables capacity investment exceeded $250 billion. Yes, the 2018 global investment figures were 12% down on the previous year, but this is not a step backwards. Renewable energy, particularly solar photovoltaics, is getting cheaper.

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Field Value
Source https://wedocs.unep.org/20.500.11822/29752
Author Economy Division
Maintainer Economy Division
Last Updated January 25, 2023, 17:32 (UTC)
Created January 25, 2023, 17:32 (UTC)
GUID d49086ab-2b6c-4d3f-ac76-9b2783667362
Issued 2019-09-05T11:54:59Z
Language English
Modified 2022-10-19 17:50:34.495
Publisher name Economy Division
Theme Reports, Books and Booklets
data_type document
spatial Global