Clean Energy Investment Is Set to Hit $2.6 Trillion This Decade

Published onSeptember 11, 2019

The global energy supply is turning greener. Investment in new renewable energy is on course to total $2.6 trillion in the years from 2010 through the end of 2019, according to a study by BloombergNEF for the United Nations Environment Program and Frankfurt School’s UNEP Center published Thursday. The boom in the capacity to generate electricity from low-carbon sources gives credibility to an effort by world leaders to slash climate-damaging greenhouse gases. Falling costs of wind and solar power plants is making more projects in new markets economically competitive with generation fed by fossil fuels.

Source: https://www.bloomberg.com/news/articles/2019-09-05/clean-energy-investment-is-set-to-hit-2-6-trillion-this-decade