- Start
- Dec 31, 201625% CONFIDENCELow confidencefrom the source
The world spent less money to add more renewable energy than ever in 2016
- Global investment in renewable energy in 2016 was about $241.6 billion, down 23 percent from 2015[1]
- That investment added 138.5 GW of capacity, up nine percent from 127.5 GW in 2015; falling solar PV and wind prices explain much of the difference[1]
- Renewables were 55 percent of new capacity, the highest in the report's 11-year history, and investors spent about twice as much on renewables as on fossil-related energy[1]
- Renewables' share of global energy rose from 10.3 to 11.3 percent and prevented an estimated 1.7 gigatonnes of CO2[1]
- Investment slowed in China, Japan and emerging markets, while Europe rose three percent and offshore wind investment rose 53 percent[1]
References 358% CONFIDENCE
The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.
- [1]25%arstechnica.com/business/2017/04/global-investment-in-renewables-fell-in-2016-but-thats-not-a-bad-signarstechnica.com· Posted Jun 21, 2017· Starts Dec 31, 2016 ✓· 49% of score
Date has passed, but arstechnica.com does not confirm it happened then; unverified.
- [2]85%Renewable energy investment fell 18% in 2016: studyphys.org· Published Jan 12, 2017· 26% of score
Phys.org, citing the same BNEF[3] study and published 12 January 2017, reports investment "dropped" in 2016 with detailed regional breakdowns (China down 26%, Japan down 43%), squarely supporting the pin's claim about global renewables investment for 2016.
- [3]92%Global trends in renewable energy investment 2016about.bnef.com· Published Jan 1, 2017· 25% of score
BloombergNEF's own press-release portal confirms it covers "Global trends in renewable energy investment 2016," the same topic and year as the pin, though the fetched page is a navigation hub rather than the underlying report, so it only weakly supports the pin's specific 2016 figures.[1]
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