Report: Renewables Hit Major Global Milestones

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Report: Renewables Hit Major Global Milestones

by RP Siegel

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Investment in #renewableenergy by developing countries, outpaced investment in the developed world via @Justmeans
Thursday, March 31, 2016 - 8:00am



A new report by the UN Environmental Programme (UNEP) on the growth in renewable energy showed some remarkable accomplishments. For one thing, new investment in traditional coal and gas-fired power plants accounted for less than half the investment in solar wind, and other renewables. According to Global Trends in Renewable Energy Investment 2016, the annual global investment in new renewables capacity, reached $266 billion last year, while investments in coal and gas power stations weighed in at $130 billion. If early stage and R&D projects are included, the number for renewables grows to $286. This topped the previous record set in 2011, by 3%.

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Image credit: Daniel Parks: Flickr Creative Commons

RP Siegel, author and inventor, shines a powerful light on numerous environmental and technological topics. He has been published in business and technical journals and has written three books. His third, co-authored with Roger Saillant, is Vapor Trails, an eco-thriller that is being adapted for the big screen. RP is a professional engineer – and a prolific inventor, with 50 patents, numerous awards, and several commercial products. He is president of Rain Mountain LLC and is an active environmental advocate in his hometown of Rochester, N.Y. In addition to Justmeans, he writes for Triple Pundit, ThomasNet News, and Energy Viewpoints, occasionally contributing to Mechanical Engineering, Strategy + Business, and Huffington Post.