Global Trends in Renewable Energy Investment Report (GTR)
According to UNEP’s 10th “Global Trends in Renewable Energy
Investment 2016”, prepared by the Frankfurt School-UNEP Collaborating Centre
for Climate & Sustainable Energy Finance and Bloomberg New Energy Finance,
the United Nations Environment Programme (UNEP) and Bloomberg New Energy
Finance all investments in renewable totalled $286 billion in 2015, some 3%
higher than the previous record in 2011. Coal and gas-fired electricity
generation drew less than half the record investment made in solar, wind and
other renewable capacity.
Just as significantly, developing world investments
in renewable (up 19% in 2015) topped those of developed nations for the first
time in 2015 (down 8%).
Much
of these record-breaking developing world investments took place in China (up
17% to $102.9 billion). Other developing countries showing increased investment
included India, South Africa, Mexico and Chile.
Overall,
renewable excluding large hydro made up 53.6% of the giga watt capacity of all
technologies installed in 2015, the first time it has represented a majority.
That shows that the structural change is under way. However, the huge weight of
conventional generation capacity already built meant that new, clean
technologies only accounted for just over 10% of world electricity last year.
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