Iraqi Economists Network

شبكة الاقتصاديين العراقيين

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GLOBAL TRENDS IN RENEWABLE ENERGY INVESTMENT 2019

ACKNOWLEDGEMENTS

This report was commissioned by UN Environment’s Economy Division in cooperation with

Frankfurt School-UNEP Collaborating Centre for Climate & Sustainable Energy Finance and

produced in collaboration with BloombergNEF.

CONCEPT AND EDITORIAL OVERSIGHT

Angus McCrone (Lead Author, Chief Editor)

Ulf Moslener (Lead Editor)

Francoise d’Estais

Christine Grüning

CONTRIBUTORS

Tayo Ajadi

Rohan Boyle

David Strahan

Matthias Kimmel

Bryony Collins

Albert Cheung

Lisa Becker

COORDINATION

Angus McCrone

DESIGN AND LAYOUT

The Bubblegate Company Limited

MEDIA OUTREACH

Sophie Loran (UN Environment)

Terry Collins

Veronika Henze (Bloomberg)

Robert Leonardt (Frankfurt School of Finance & Management)

FOREWORD FROM INGER ANDERSEN, NILS STIEGLITZ AND JON MOORE

Clean energy is a cornerstone of the better future we are building for humanity. Neither the Paris Agreement nor the 2030 Agenda for Sustainable Development will be able to fulfill their full potential unless renewable energy replaces fossil fuel generation. Renewable energy avoids the greenhouse gas emissions that warm our planet.It improves air quality and therefore human health. It brings new opportunities to energy-poor communities.

Investing in renewable energy is also an economic opportunity. It is a decision that investors around the world have been increasingly making for a decade. Global Trends in Renewable Energy Investment 2019 – released ahead of the Global Climate Action Summit – shows that in 2018, investors again put hundreds of billions of dollars behind renewable energy and the energy transition we need.

The latest issue of this report – which has tracked trends and opportunities in the sector since 2004 –shows that global investment in renewable energy capacity hit $272.9 billion in 2018, far outstripping investments in new fossil fuel generation. 2018 was the fifth successive year renewables capacity investment exceeded $250 billion.

Yes, the 2018 global investment figures were 12% down on the previous year, but this is not a step backwards. Renewable energy, particularly solar photovoltaics, is getting cheaper.

To continue reading download the whole document as PDF file

Global_Trends_Report_2019

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