Global Trends in Renewable Energy Investment 2019
Date
20192019
Author
United Nations Environment Programme
Frankfurt School-UNEP Centre
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RT Generic T1 Global Trends in Renewable Energy Investment 2019 A1 United Nations Environment Programme, Frankfurt School-UNEP Centre YR 2019 , 2019 LK https://wedocs.unep.org/20.500.11822/29752 PB AB TY - GEN T1 - Global Trends in Renewable Energy Investment 2019 AU - United Nations Environment Programme, Frankfurt School-UNEP Centre Y1 - 2019, 2019 UR - https://wedocs.unep.org/20.500.11822/29752 PB - AB - @misc{20.500.11822_29752 author = {United Nations Environment Programme, Frankfurt School-UNEP Centre}, title = {Global Trends in Renewable Energy Investment 2019}, year = {2019 , 2019}, abstract = {}, url = {https://wedocs.unep.org/20.500.11822/29752} } @misc{20.500.11822_29752 author = {United Nations Environment Programme, Frankfurt School-UNEP Centre}, title = {Global Trends in Renewable Energy Investment 2019}, year = {2019 , 2019}, abstract = {}, url = {https://wedocs.unep.org/20.500.11822/29752} } TY - GEN T1 - Global Trends in Renewable Energy Investment 2019 AU - United Nations Environment ProgrammeUnited Nations Environment Programme, Frankfurt School-UNEP Centre UR - https://wedocs.unep.org/20.500.11822/29752 PB - AB -View/Open
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Investing in renewable energy is also an economic opportunity. It is a decision that investors around the world have been increasingly making for a decade. Global Trends in Renewable Energy Investment 2019 – released ahead of the Global Climate Action Summit – shows that in 2018, investors again put hundreds of billions of dollars behind renewable energy and the energy transition we need.
The latest issue of this report – which has tracked trends and opportunities in the sector since 2004 –shows that global investment in renewable energy capacity hit $272.9 billion in 2018, far outstripping investments in new fossil fuel generation. 2018 was the fifth successive year renewables capacity investment exceeded $250 billion. Yes, the 2018 global investment figures were 12% down on the previous year, but this is not a step backwards. Renewable energy, particularly solar photovoltaics, is getting cheaper.
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