Source: Bloomberg New Energy Finance
In 2004 investment in clean energy (which – according to Bloomberg’s analysis – includes Energy Smart Tech and other energy efficiency measures) was roughly $62 billion. Since then, investment jumped to $287 billion within just 12 years. Although, as you can see in the chart above, more money was invested in 2015 (a record of $348 billion), as well as 2011 and 2014, the overall trend is rising quickly.
What is even more interesting and encouraging is the next Infographic:
Source: Data source is from Frankfurt School-UNEP / BNEF Global Trends in Renewable Energy Investment 2016. Infographic by Cleantechnica
In 2016, global investment in Renewables ($286 billion) was greater than investment in fossil fuels ($130 billion) and developing countries invested more in renewable energy than the developed countries…..stick that in your pipe and smoke it, dear fossil fuels!!!😎
Featured image courtesy of “sonnydelrosario” via Pixabay