Quantcast
Environmental News for a Healthier Planet and Life

Help Support EcoWatch

Renewable Energy Investments Set New Record, Twice That of Coal and Gas

Energy

Global investment in renewable energy was more than twice that of coal and gas last year, according to a new report, despite plummeting fossil fuel prices.

A wind farm in Washington state. Photo credit: Daniel Parks / flickr

Renewable energy investment totaled a record $286 billion, with China, India, Brazil and other developing countries accounting for $156 billion in 2015. China’s investment alone rose 17 percent from the year prior, representing 36 percent of the global total. Experts expect this surge to continue, while coal remains in decline; China also announced this week that they will be suspending construction of new coal mines in 15 provinces.

Investment in the U.S. also rose dramatically, while Europe’s fell by $49 billion, despite a surge in offshore wind. This global upward trend in renewables must continue to grow for many countries to meet their Paris climate targets, analysts caution.

For a deeper dive:

News: Washington Post $, Climate Central,The Guardian, Carbon Brief, Mashable, Bloomberg, Climate Home, BBC, Think Progress,Phys.org, New ScientistBusinessGreen

Commentary: Vox, Brad Plumer columnGrist, Clayton Aldern column

For more climate change and clean energy news, you can follow Climate Nexus on Twitter and Facebook, and sign up for daily Hot News.

YOU MIGHT ALSO LIKE

Mark Ruffalo and Annie Leonard: We Must Rebuild Our Democracy

Rockefeller Fund Divests From Fossil Fuels, Slams Exxon

Bill McKibben: Fracking Has Turned Out to Be a Costly Detour

James Hansen: Dangerous Sea Level Rise Will Occur in Decades, Not Centuries

EcoWatch Daily Newsletter

Marco Bottigelli / Moment / Getty Images

By James Shulmeister

Climate Explained is a collaboration between The Conversation, Stuff and the New Zealand Science Media Centre to answer your questions about climate change.

If you have a question you'd like an expert to answer, please send it to climate.change@stuff.co.nz

Read More Show Less
Luxy Images / Getty Images

By Jo Harper

Investment in U.S. offshore wind projects are set to hit $78 billion (€69 billion) this decade, in contrast with an estimated $82 billion for U.S. offshore oil and gasoline projects, Wood Mackenzie data shows. This would be a remarkable feat only four years after the first offshore wind plant — the 30 megawatt (MW) Block Island Wind Farm off the coast of Rhode Island — started operating in U.S. waters.

Read More Show Less
Giacomo Berardi / Unsplash

The COVID-19 pandemic has revealed both the strengths and limitations of globalization. The crisis has made people aware of how industrialized food production can be, and just how far food can travel to get to the local supermarket. There are many benefits to this system, including low prices for consumers and larger, even global, markets for producers. But there are also costs — to the environment, workers, small farmers and to a region or individual nation's food security.

Read More Show Less
Pexels

By Joe Leech

The human body comprises around 60% water.

It's commonly recommended that you drink eight 8-ounce (237-mL) glasses of water per day (the 8×8 rule).

Read More Show Less

By Michael Svoboda

The enduring pandemic will make conventional forms of travel difficult if not impossible this summer. As a result, many will consider virtual alternatives for their vacations, including one of the oldest forms of virtual reality – books.

Read More Show Less
Public Employees for Environmental Responsibility on Thursday accused NOAA of ignoring its own scientists' findings about the endangerment of the North Atlantic right whale. Lauren Packard / Flickr / CC BY 2.0

By Julia Conley

As the North Atlantic right whale was placed on the International Union for Conservation of Nature's list of critically endangered species Thursday, environmental protection groups accusing the U.S. government of bowing to fishing and fossil fuel industry pressure to downplay the threat and failing to enact common-sense restrictions to protect the animals.

Read More Show Less

Trending

Pexels

By Beth Ann Mayer

Since even moderate-intensity workouts offer a slew of benefits, walking is a good choice for people looking to stay healthy.

Read More Show Less