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UN: 2015 record year for global renewables investment

Solar Panels - Global investment in renewable energy reaches a record $285.9bn - SantanderCB

Global investment in renewable energy reached a record $285.9bn (£202.3bn) in 2015, according to the 10th Global Trends in Renewable Energy Investment study produced under the auspices of the United Nations. In another first, more new renewables capacity than fossil-fuel generation came online during 2015. The solar and wind industries remained the driving force behind growth in investment in the global renewable energy sector. The report, produced by the Frankfurt School-Unep Collaborating Centre for Climate and Sustainable Energy Finance and Bloomberg New Energy Finance, showed that investment in renewables in developing nations exceeded that in developed countries. The developing world committed a total of $156bn (up 19% on 2014 levels) in renewables (excluding large hydro) while developed nations invested $130bn (down 8% from 2014 levels).

 

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