Coal and gas-fired electricity generation last year drew less than half the record investment made in solar, wind and other renewables capacity — one of several important firsts for green energy announced today in a UNEP-partnered report. Global Trends in Renewable Energy Investment 2016, the 10th edition of UNEP’s annual report, launched today by the Frankfurt School-UNEP Collaborating Centre for Climate & Sustainable Energy Finance and Bloomberg New Energy Finance (BNEF), says the annual global investment in new renewables capacity, at $266 billion, was more than double the estimated $130 billion invested in coal and gas power stations in 2015. And for the first time, the majority of investment is being made in developing countries.
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