Tuesday, 14 April 2015

“Renewables Re-energized: Green Energy Investments Worldwide Surge 17% to $270 Billion in 2014”

According to UNEP's 9th "Global Trends in Renewable Energy Investment 2015", 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 — the past year brought a rebound of green energy investments worldwide with a surge of a solid 17% to $270 Billion.

The biggest locations for renewable energy investment last year were, predictably, the established markets in major economies – with China far out in front at $83.3 billion, a record number and 33% ahead of 2013. In second place came the US, at $38.3 billion, up 7% on the year but still well below its all-time high, reached in 2011. Third came Japan, at $35.7 billion, a tenth higher than in 2013 and its biggest total ever. India was up 14% at $7.4 billion, and Brazil 93% higher, at $7.6 billion.

In 2014, global new investment in biomass and waste to energy lagged behind 2013 levels reaching US $7.4 billion globally. There has however been an upward trend overall in recent months despite challenges such as less predictable support policies or pending legislation in some countries. Despite this we are seeing massive investment in developing countries, this year 1t $131.3 billion across all technologies. This is an increase of over a third from 2013. China, Brazil and South Africa are leading the rapid deployment followed by Indonesia, Chile, Mexico, Kenya and Turkey. China alone invested $83.3 billion last year, making it responsible for nearly a third of all global renewables investments last year.


Sourced from: Frankfurt School UNEP Collaborating Centre for Climate & Sustainable Energy Finance