A “YEAR OF EYE-CATCHING STEPS FORWARD” FOR RENEWABLE ENERGY

Alternative_Energies-629x410A “Year of Eye-Catching Steps Forward” for Renewable Energy.

Driven by solar and wind, world investments in renewable energy reversed a two-year dip last year, brushing aside the challenge from sharply lower oil prices and registering a 17 percent leap over the previous year to stand at 270 billion dollars.

These investments helped see an additional 103Gw of generating capacity – roughly that of all U.S. nuclear plants combined –around the world, making 2014 the best year ever for newly-installed capacity, according to the 9th annual “Global Trends in Renewable Energy Investments” report from the U.N. Environment Programme (UNEP) released Mar. 31.

Prepared by the Frankfurt School-UNEP Collaborating Centre and Bloomberg New Energy Finance, the report says that a continuing sharp decline in technology costs – particularly in solar but also in wind – means that every dollar invested in renewable energy bought significantly more generating capacity in 2014.

In what was called “a year of eye-catching steps forward for renewable energy”, the report notes that wind, solar, biomass and waste-to-power, geothermal, small hydro and marine power contributed an estimated 9.1 percent of world electricity generation in 2014, up from 8.5 percent in 2013.

For the full article: IPS News

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One response to “A “YEAR OF EYE-CATCHING STEPS FORWARD” FOR RENEWABLE ENERGY

  1. Pingback: WORLD ORGANIC NEWS | A “YEAR OF EYE-CATCHING STEPS FORWARD” FOR RENEWABLE ENERGY | The Jolly Good News·

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