Energy generated from Renewable sources in
2018 is expected to reach over 10% of Global
energy needs. Growing at a rate of 25% per
year for the past 20 years. Renewable energy
is expected to account for over 50% of the
global demand by 2030 at current growth rates.
While the dominance of Oil and other fossil
fuels like Coal continues to decline, now is the
perfect time to seek out and take advantage of
these phenomenal growth rates as part of your
investment portfolio or as part of your
Renewable energy is enjoying record strong growth, with performance consistently exceeding expectations. Renewable energy is energy generated from natural resources—like solar, wind, tidal and geothermal heat. The main Renewable energy technologies are Solar power, Wind power, Hydro power, and biomass and biofuels derived from plant/woody material.The rapid spread of renewable energy is a bright spot in the global energy transition towards a low carbon economy. Despite lower fossil fuel prices, renewable power expanded at its fastest-ever rate in 2017.
BNEF Global Trends in Renewable Energy Investment 2016.
Global investment in renewables: $286 billion
Global investment in fossil fuel: $130 billion
Last year set a new record for global investment in renewable energy, which rose 5% to $286 billion more than six times higher then the amount in 2006.
Together, the new renewable sources of wind, solar, biomass and geothermal, small hydro and marine accounted for 55.3% of all the gigawatts of new power generation added worldwide last year.
These investments added 138.5 gigawatts to global power capacity in 2016, up 9 per cent from the 127.5 gigawatts added the year before.
Bioenergy production continued to increase in 2016 there was an investment of $6.6billion in extra biomass production. Biomass now accounts for 14% of all energy consumed through renewable sources.
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