Global investment in renewable energy hit USD 288.9 billion in 2018, with the amount spent on new capacity far exceeding the financial backing for new fossil fuel power, according to new figures published. These numbers, produced by BloombergNEF (BNEF), are being published as part of REN21’s Renewables 2019 Global Status Report.

The 18 countries covered in this report are fundamental to the clean energy transition. They account for 52% of the world’s population, represent 88% of the people living in the Asia Pacific region and account for 39% of the global primary energy supply.

Cities are key players in the renewable energy transition. The Preliminary Findings of the Renewables in Cities Global Status Report illustrates how cities are using renewable energy in the electricity, heating and cooling and transport sectors.

CO2 emissions from transport are still rising. If immediate action is not taken, more radical measures will be unavoidable in the future. This is the top line conclusion from the newly released joint report by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), REN21 and the Berlin-based think-tank Agora Verkehrswende.

By mid-2018, the SADC region had 21,760 MW of installed renewable energy capacity with another 17,361 MW of renewables capacity reaching financial closure and awaiting commissioning.

This year’s Renewables 2018 Global Status Report GSR reveals two realities: one in which a revolution in the power sector is driving rapid change towards a renewable energy future, and another in which the overall transition is not advancing with the speed needed.

Despite comprising over 300 million inhabitants and representing 4.9% of the world’s GDP, 17 UNECE countries in South and Eastern Europe, the Caucasus and Central Asia had only 0.2% or USD 0.4 billion of global renewable energy investment in 2015.

The 2017 Edition of the REN21 Renewables Global Status Report reveals a global energy transition well underway, with record new additions of installed renewable energy capacity, rapidly falling costs, and the decoupling of economic growth and energy-related carbon dioxide (CO2) emissions.

This new REN21 Renewables Global Futures Report presents views of 114 renowned energy experts from around the world, on the feasibility and challenges of achieving a 100% renewable energy future.

The East African Community (EAC) is the second largest single regional market in Africa and economically one of the fastest growing regions in sub-Saharan Africa. The report reveals that the off-grid market is firmly established in the region and that the mini/micro-grid sector is also attracting significant investment.

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