2014 record year for renewable energy
According to the Global Status Report 2015 REN21, 2014 was a record year for investments in renewable energy.
Especially in Solar and Wind Energy.
The number of countries have set targets for green energy has risen to 164.
Despite the fact that the energy consumption grew by 1.5%, CO2 emissions remained stable compared to 2013.
This is particularly due to the investments of China and the OECD countries. All of this countries with big Green Goals.
- Solar Power has been grown 48 times, the last 10 years to 77 GW
- The growth of Concentrated Solar Power (CSP) did increase nearly 50% per year, except for 2014 (30%). In absolute numbers CSP is still a small player
- Wind Power has been grown 8 times to 370 GW installed capacity
Emerging countries in the lead
Global investments reached USD 300 billion. A relatively large proportion of these billions has been done by emerging countries such as Burundi, Kenya, Honduras, Jordan and Uruguay.
Still 550 billion to fossils
The investments on renewables could have been much more if the annual 550 billion USD for fossils and nuclear would have been used for green energy.
That would reflect not only the price of fossil fuels in a more realistic manner, but also display the pricing on a more comparable way.
Than, renewable energy will be the cheapest form of electrical energy generation.
- 5 Million US dollars for renewables competition Africa
- China invests in renewables – coal production falls
- Renewable energy has overtaken nuclear in Scotland
- Loan/Investment fund for renewables
- Renewables cost fossil-fueled generators up to $157 million and reduce fuel costs by $7 billion
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