Report: Global Trends in Renewable Energy Investment 2020

Wind Industry Profile of

184 GW of clean power capacity added in 2019, a 20 GW jump from 164 GW added in 2018 / This new capacity delivered with almost the same investment as 2018 – USD 282.2 billion – demonstrating falling costs / 826 GW of new non-hydro renewable power planned by 2030, at likely cost of around USD 1 trillion. This is less than the 1,200 GW added in past decade and far short of what is needed for Paris Agreement

As COVID-19 hits the fossil fuel industry, a new report shows that renewable energy is more cost-effective than ever – providing an opportunity to prioritize clean energy in economic recovery packages and bring the world closer to meeting the goals of the Paris Agreement. Global Trends in Renewable Energy Investment 2020 — from the UN Environment... ... More: Official Press Release BNEF

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BNEF, Bloomberg, report, research, energy costs, renewable energy, COVID-19, recovery, boost, economy, falling costs, fossil fuel