WASHINGTON, March 31, 2016 - Global investment in new renewables capacity was $266 billion in 2015, more than double the estimated $130 billion invested in coal and gas power stations, according to the 10th edition of the UN Environment Programme's (UNEP) Global Trends in Renewable Energy Investment 2016. Investments in renewables including early-stage technology, research and development, and new capacity totaled a record $286 billion, 3 percent higher than the previous record in 2011. Since 2004, the world has invested $2.3 trillion in renewable energy, according to the report.
Highlights of the report include:
- Coal and gas-fired generation attracted less than half as much capacity investment as renewables last year.
- Renewables added more to global energy generation capacity than all other technologies combined.
- For the first time, developing world investments in renewables (up 19 percent in 2015) surpassed developed nations’ investments (down 8 percent).
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