(credit: Lawrence Berkeley Lab)
A new study tracking global investment in renewable energy found that investors spent less money in 2016 to add more renewable energy capacity than in any previous year.
In total, investors only spent about $241.6 billion in renewable energy investments in 2016, down 23 percent from 2015.
But they got a lot of bang for their buck.

According to the collaborative report from the UN, the Frankfurt School, and Bloomberg New Energy Finance, investments in “wind, solar, biomass, and waste-to-energy, geothermal, small hydro, and marine sources [like wave and tidal energy]” resulted in the addition of 138.5 GW of energy capacity in 2016.

That represents a nine percent increase year-over-year from the 127.5 gigawatts added in 2015.
The difference in trends—falling investment but rising capacity—reflects the plummeting prices of certain kinds of renewable energy, especially solar photovoltaic panels and wind installations.
In effect, investors are spending less and getting more capacity.

And that’s a good thing for reducing pollution that contributes to climate change.

According to the report, the proportion of global energy derived from renewable sources rose from 10.3 percent to 11.3 percent year-over-year.
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