The United Nations Environment Program has today unveiled a major report on global green energy investment for 2013.
Investment in renewable energy dropped $US35.1 billion, partly due to the falling cost of solar photovoltaic systems. The other main cause was policy uncertainty in many countries, an issue that also depressed investment in fossil fuel generation in 2013. However, investment in geothermal energy rose 38 per cent to $2.5bn, the only technology to see an increase.
- Renewable energy in 2013, excluding hydro, accounted for 8.5 per cent of worldwide power generation, up from 7.8 per cent in 2012.
- Renewable energy now accounts for 13.7 per cent of all generation capacity globally, up from 7.6 per cent in 2007.
- Green energy accounted for 43.6 per cent of all new capacity in 2013.
- Investment in geothermal energy rose 38 per cent to $2.5bn, the only technology to see an increase.
