27 Mar '16, 5pm

UN Report: Major milestones reached on renewable energy investments

UN Report: Major milestones reached on renewable energy investments

"Renewables are becoming ever more central to our low-carbon lifestyles, and the record-setting investments in 2015 are further proof of this trend,” said United National Environment Programme Executive Director Achim Steiner in a written statement. “Importantly, for the first time in 2015, renewables in investments were higher in developing countries than developed." "Global Trends in Renewable Energy Investment 2016," the 10th edition of the annual publication issued by the UN Environment Programme, says the annual global investment in new renewables capacity, at $266 billion, was more than double the estimated $130 billion invested in coal and gas power stations in 2015. The report, launched today by the Frankfurt School-UNEP Collaborating Centre for Climate & Sustainable Energy Finance and Bloomberg New Energy Finance (BNEF), highlights that all investments in renewabl...

Full article: http://www.renewableenergymagazine.com/article/un-report-...

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