According to UNEP's 10th "Global Trends in Renewable Energy Investment 2016", prepared by the Frankfurt School-UNEP Collaborating Centre for Climate & Sustainable Energy Finance and Bloomberg New Energy Finance, the United Nations Environment Programme (UNEP) and Bloomberg New Energy Finance all investments in renewables totalled $286 billion in 2015, some 3% higher than the previous record in 2011. Coal and gas-fired electricity generation drew less than half the record investment made in solar, wind and other renewables capacity. Just as significantly, developing world investments in renewables (up 19% in 2015) topped those of developed nations for the first time in 2015 (down 8%). Much of these record-breaking developing world investments took place in China (up 17% to $102.9 billion). Other developing countries showing increased investment included India, South Africa, Mexico and Chile. Overall, renewables excluding large hydro made up 53.6% of the gigawatt capacity of all technologies installed in 2015, the first time it has represented a majority. That shows that the structural change is under way. However, the huge weight of conventional generation capacity already built meant that new, clean technologies only accounted for just over 10% of world electricity last year.
Links:
[1] http://admin.indiaenvironmentportal.org.in/reports-documents/global-trends-renewable-energy-investment-2016
[2] http://admin.indiaenvironmentportal.org.in/category/publisher/frankfurt-school-unep-centre
[3] http://admin.indiaenvironmentportal.org.in/category/thesaurus/renewable-energy
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/finance
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/fossil-fuels
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/developing-countries
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/electric-vehicles
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/hydroelectricity
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/wind-energy
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/solar-energy
[12] http://admin.indiaenvironmentportal.org.in/category/thesaurus/electricity