A new World record has been set:
According to the 10th Global trends in renewable Energy Investments 2016 by UNEP (United Nations Environmental Program) a massive milestone has been reached:
Total Investment into renewables last year (2015) totaled $286 billion. The previous record from 2011 was 3% lower than this. According to the report that included insight and data from 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 the developing world played a major part in this with a 19% increase in their annual investment into renewables.
China, India, Mexico, Chile and notably South Africa were key in topping the investment by developed countries (whose investment is down by 8%).
Due to aging infrastructure and policy worldwide the adoption of clean technologies is still slow with only 10% of the global electrify needs met by clean technologies. Yet clearly there is a structural change underway
UNEP Executive Director Achim Steiner’s introduction of the report Global Trends in Renewable Energy Investment 2016: