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Global investment in renewable energy is outshining fossil fuels

Global investment in renewable energy is outshining fossil fuels

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In 2016, about $297 billion was spent on renewables – compared with $143 billion on new nuclear, coal, gas and fuel-oil power plants.

Solar panels (source: Flickr cc)

A recent article in Wall Street Journal by Russell Gold [1] has reported that global spending on renewable energy is outpacing investment in electricity from coal, natural gas and nuclear power plants, driven by falling costs of producing wind and solar power.

More than half of the power-generating capacity added around the world in recent years has been in renewable sources like wind and solar, according to the International Energy Agency.

1. Wall Street Journal, 11 June 2018 https://www.wsj.com/articles/global-investment-in-wind-and-solar-energy-is-outshining-fossil-fuels-1528718400

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