Report: Global new clean energy investment totaled $282 billion last year: research

Reuters discusses how global new clean energy investment totaled $282 billion last year. Global investment in new clean energy capacity rose 1% last year to $282.2 billion, research by UNEP, Bloomberg New Energy Finance and the Frankfurt School-UNEP Collaborating Centre showed on Wednesday. [No report link provided.]

The United States invested $55.5 billion in 2019, up 28% from the year before as onshore wind developers rushed to take advantage of tax credits before their expected expiry, the report said.

Europe financed $54.6 billion, down 7% from 2018.

China’s investment fell to its lowest level since 2013 at $83.4 billion due to continued government cutbacks on support for solar power.

More investment went into renewables last year than fossil fuel and nuclear technologies, the report said.

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