Dailycsr.com – 22 September 2016 – The sector of renewable energy is seeing record setting investment levels, while “added capacity” created “new highs” and in the same time the prices have come down. John Howell reports that in the year of 2015, as much as “$286 billion” was put in as investment in the renewable sources, whereby marking a record level of “three percent” higher compared to the figures of 2011, as per the data of the “International Renewable Energy Agency”.
According to Howell, the driving reason behind the new wave of shift is the “strong commitment to non-fossil fuels” made by the G20 countries. Sometimes last year, the ministers of G20 brought out a memo which gave a guideline for practically taking action and advancing towards the “deployment of clean energy”. The IRENA in collaboration with the International Energy Agency co-created a “joint database”, wherein over seven hundred “policies on renewable energy” are present which are applicable for the G20 countries.
Moreover, Howell adds:
“Falling costs are also driving investment in renewables. The price of solar PV modules has dropped 80 percent since 2009, while the price of wind turbines has decreased by 30 to 40 percent. By 2040, it’s estimated that two-thirds of all energy projects will be in the renewable sector, representing over eleven trillion dollars in value. The market is speaking and investors are listening—and responding with their dollars”.
References:
ethicalperformance.com
According to Howell, the driving reason behind the new wave of shift is the “strong commitment to non-fossil fuels” made by the G20 countries. Sometimes last year, the ministers of G20 brought out a memo which gave a guideline for practically taking action and advancing towards the “deployment of clean energy”. The IRENA in collaboration with the International Energy Agency co-created a “joint database”, wherein over seven hundred “policies on renewable energy” are present which are applicable for the G20 countries.
Moreover, Howell adds:
“Falling costs are also driving investment in renewables. The price of solar PV modules has dropped 80 percent since 2009, while the price of wind turbines has decreased by 30 to 40 percent. By 2040, it’s estimated that two-thirds of all energy projects will be in the renewable sector, representing over eleven trillion dollars in value. The market is speaking and investors are listening—and responding with their dollars”.
References:
ethicalperformance.com