Global investment in renewable energy shot up last year, far outstripping investment in fossil fuels, according to a UN report.
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| China was largely responsible for the surge in solar energy infrastructure in 2017, accounting for nearly half the global investment. |
As the price of clean energy technology plummets, it has become an increasingly attractive prospect for world governments.
China was by far the world’s largest investor in renewable energy in 2017, accounting for nearly half of the new infrastructure commissioned.
This was mainly a result of its massive support for solar power, which globally attracted nearly a fifth more investment than in the previous year. Other countries including Australia, Sweden and Mexico more than doubled the amount of money they pumped into clean energy projects.
Read the story by Josh Gabbatiss from the Independent - “World invested more in solar energy than coal, gas and nuclear combined in 2017, UN report reveals.”
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