The latest edition of this authoritative annual report tells the story of the latest developments, signs and signals in the financing of renewable power and fuels.Packed full of statistics, charts and illuminating narrative, it explores the issues affecting each type of investment, technology, region.
According to Global Trends in Renewable Energy Investment 2014 – produced by the Frankfurt School-UNEP Collaborating Centre for Climate & Sustainable Energy Finance, the United Nations Environment Programme (UNEP) and Bloomberg New Energy Finance — the investment drop of $US35.1 billion was partly due to the falling cost of solar photovoltaic systems. The other main cause was policy uncertainty in many countries, an issue that also depressed investment in fossil fuel generation in 2013. Download the entire Report here.
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- Total investments fell in 2013 by 14% to $214 billion worldwide, reflecting significant cost reductions and the impact of policy uncertainty.
- Solar PV, in particular, improved its cost-competitiveness: some 39GW were installed, up from 31GW in 2012, for fewer dollars invested.
- The number of markets that can compete without subsidies is increasing.
- Renewables excluding large hydro account for 43.6% of 2013’s newly-installed generating capacity.
- Wind investments remained roughly the same, while solar PV outlays dropped 20% despite a record amount installed.
- In 2013, China for the first time invested more in renewable energy than Europe.
- Renewable energy investment in Japan increased by 80 % during the last year.
The Global Trends in Renewable Energy Investment Report (GTR) is a sister publication to the Renewables Global Status Report (GSR) produced by the Renewable Energy Policy Network for the 21st Century REN21. The 2014 edition of the GSR, launched on June 4th, 2014, is available at www.ren21.net/gsr. It provides an overview of renewable energy market, industry, investment and policy developments worldwide.