Clean energy defies the odds

Clean energy on the rise

Clean energy investment defied the odds in 2015, rising to a record in the face of some powerful negative influences.

Figures from Bloomberg New Energy Finance (BNEF) show investment reached US$329 billion, up 4 per cent from 2014’s US$316 billion and nearly six times the 2004 level.

China was the biggest investor, spending US$111 billion, with the US spending half that to take second place.

Percentages (yellow boxes) indicate year-on-year change.

BNEF cited four negative influences on clean energy investment:

  1. Falling prices for solar photovoltaics, which enables the same capacity to be installed for less money.
  2. The strength of the US currency, reducing the $US value of non-US investment.
  3. The continued weakness of the European economy, which has seen the biggest renewable energy investment.
  4. The plunge in fossil fuel commodity prices, which makes fossil fuels more attractive.
This article is from the March issue of INTHEBLACK.

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March 2016
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