01.04.2015

Global investment in renewables is up

Total global investment in renewable energies and fuels - not counting large hydropower projects - rose by USD 38 billion to USD 270 billion in 2014. This is 17 per cent more than in the previous year and only three per cent less than in the record year 2011, when investment totalled USD 279 billion. The expansion of solar systems in China and Japan, and record investment in offshore wind farms in Europe were the main reasons for this increase.

This is one of the main findings of the 'Frankfurt School-UNEP Centre/ Bloomberg Global Trends in Renewable Energy Report 2015', which was presented in Frankfurt at the end of March.

Barbara Hendricks, Germany's Federal Environment Minister, welcomes the continuing global expansion of renewable energies. 'We are particularly delighted that China, USA and Japan - countries that are particularly important to the climate protection process - are taking the lead,' she commented.

Total investment is divided almost evenly between industrialised countries and developing countries and emerging economies. However, China alone accounts for two thirds of the investment volume.

The report, which was sponsored by the Federal Ministry for the Environment (BMUB), shows that emerging economies in particular can play a leading role in renewable energies and urgently needed greenhouse gas reductions.