Proof Point
Global new investments in renewable energy sources grew 6% annually, with majority share shifting from developed countries in 2007 to developing countries by 2017
Global New Investments in Renewable Power and Fuels
2007 – 2017 (US$ billions)
Proof Point Findings
- Renewable Energy – Energy generated from renewable sources, including solar, wind, biomass, small hydro, biofuels, geothermal and marine
- Rising New Investments – Ren21 reported global new investment in renewable energy increased 6% yearly from $159 billion in 2007 to $280 billion in 2017
- Share in Global Investments – Shifted from mostly developed countries in 2007 to developing countries in 2017, driven by dramatic increase of investment in China, growing from $16.6 billion to $126.6 billion in past 11 years
- Key Growth Drivers – Include strengthened renewable energy support from national governments through policies, country targets and tax incentives, significant advancements in renewable energy and storage technologies, and increased national and business effort to shift consumption to renewable energy sources
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Accelerator |
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Sector |
Cross-sector
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Date Last Updated |
January 4, 2019
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