❝ An upsurge in new wind, solar and hydro plants and capacity saw renewable energy smash global records last year, according to a report on new supply.
Some 147 Gigawatts of renewable electricity came online in 2015 – the largest annual increase ever and as much as Africa’s entire power generating capacity.
Clean energy investment increased to $286bn, with solar energy accounting for 56% of the total and wind power for 38%.
Overall, more than twice as much money was spent on renewables than on coal and gas-fired power generation the REN21 global status report found.
❝ Christine Lins, REN21’s chief, said: “What is truly remarkable about these results is that they were achieved at a time when fossil fuel prices were at historic lows, and renewables remained at a significant disadvantage in terms of government subsidies. For every dollar spent boosting renewables, nearly four dollars were spent [by governments] to maintain our dependence on fossil fuels.”
RTFA for details and questions – some of which reflect the level of sophistry introduced to the discussion by politicians committed to do-nothing economics and ideology whenever and wherever possible.