Global green energy investment climbs after two-year decline

Global green energy investment climbs after two-year decline

Postby Oscar » Wed Apr 01, 2015 9:28 am

Global green energy investment climbs after two-year decline

[ http://planetark.org/wen/73001 ]

Date: 01-Apr-15 Country: UK Author: Nina Chestney

Global green energy investment surged in 2014, after two years of decline, due to a solar boom in China and Japan and record offshore wind investment in Europe, a U.N.-backed report showed.

Renewables investment reached $270.2 billion last year, 16.6 percent above 2013 investment of $231.8 billion, said the report backed by the United Nations Environment Programme (UNEP).

The surge follows two years of declining investment due to lower prices for renewable technologies and was just 3 percent below an all-time high of $279 in 2011.

Solar power accounted for $149.6 billion of total investment, while wind power accounted for $99.5 billion, showed the report, which was prepared by the Frankfurt School-UNEP Collaborating Centre and Bloomberg New Energy Finance.

An unprecedented solar boom in China and Japan meant the two Asian economies invested $74.9 billion between them in solar in 2014, almost half the global total, while Europe accounted for$16.2 billion of the global offshore wind investment total of $18.6 billion.

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