REN 21: A record 2015 for renewable energy

REN 21: A record 2015 for renewable energy

Editorial Staff
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According the "Renewables 2016 Global Status Report," last year investments in the clean energy sector reached $286 billion dollars, 147 Gigawatss of new power installed

2015 was a record year for renewable energy in terms of both investments and installed power capacity. The news comes from the "Renewables 2016 Global Status Report" presented at Ren 21 (Renewable Energy Policy Network for the 21st Century), the organization connected to UNEP, the United Nations’ environmental program. Last year, new global renewable energy installations totaled 147 Gw, while investments reached $286 billion. "The most surprising aspect is that these results have come during a period of very low fossil fuel prices," commented Chirstine Lins, REN 21 executive secretary. China, in particular, led the investments with 30% of the total. A figure that confirms Beijing’s new stance on energy policy despite the country still being the number one world coal consumer.