- Renewable energies set a record in 2016 at a lower cost, according to the UN
An increase in capacity with an investment level 23% lower than the previous year
Global Trends in Renewable Energy Investment 2017 notes that wind, solar, biomass and waste sources, geothermal, small hydro and marine power plants added 138.5 gigawatts to global energy capacity in 2016, 9% more than 127, 5 gigawatts that were added the previous year. The added generation capacity represents approximately the combined output of the world's 16 largest energy facilities.
The investment in renewable energy capacity was approximately double the generation of fossil fuels. The new renewable energy capacity, which equals 55% of all new energy, is the highest to date. The proportion of electricity from renewable sources, excluding large hydropower plants, increased from 10.3% to 11.3%. This prevented an emission of estimated carbon dioxide in 1.7 gigatonnes. Total investment was $ 241.6 billion (excluding large hydro), the lowest since 2013. This was largely a result of lower costs: the average capital expenditure in dollars per megawatt of photovoltaic energy Solar and wind was reduced by more than 10%.
Renewable energy saves can compete with conventional energies
"Clean technology, increasingly cheaper, offers investors a real opportunity to get more with less," said Erik Solheim, Executive Director of UN Environment. "This is exactly the kind of situation - one where the needs of earnings match the needs of people - that will drive change towards a better world for all." The report also notes that the share of electricity from renewable sources - excluding large hydropower plants - increased from 10.3% to 11.3%, which prevented an estimated 1.7 gigatonne of carbon dioxide emissions.
According to the International Energy Agency, switching to renewable energy is one of the main reasons why greenhouse gas emissions have remained stagnant in 2016 for the third consecutive year, despite the fact that production in the global economy Grew by 3.1%. "The question was always whether renewable energy would ever compete with conventional energy," said Michael Liebreich, Chairman of the Board of Bloomberg New Energy Finance. "Well, after observing dramatic cost reductions in recent years, unsubsidized wind and solar power can provide the lowest cost of new electric power in a number of developing countries, even in developed countries, sometimes Even by a factor of two. "