In June this year the UNEP report announced that Global Renewable Energy investment reached $257 Billion in 2011.
It’s so large it rivals the $302 billion invested in fossil fuel power.
But how much electricity do we get for all that money? When the details
are pulled from the fog, a quarter of a trillion dollars appears to
produce only about 3% of all our global electricity, and even less of our global energy. All that money, so few gigawatts.
The 2012 UNEP report “Global Trends in Renewable Energy Investment” compares the
The 2012 UNEP report “Global Trends in Renewable Energy Investment” compares the
“…despite an increasingly tough
competitive landscape for manufacturers, total investment in renewable
power and fuels last year increased by 17% to a record $257 billion, a
six-fold increase on the 2004 figure and 94% higher than the total in
2007, the year before the world financial crisis.”
Renewables growth has slowed somewhat:
“Although last year’s 17% increase was
significantly smaller than the 37% growth recorded in 2010, it was
achieved at a time of rapidly falling prices for renewable energy
equipment and severe pressure on fiscal budgets in the developed world.”
1 comment:
Its expensive because we make it expensive. There is no equilibrium between gas electric, and the renewable market. So theres no chance in the economy for it, if it were cheaper, that number would probably be something like 30%
-Sharone Tal
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