“Renewable Energy Surges From 2% to 2% Around The World”
But at what cost?
By Paul Homewood
Matt McGrath’s latest piece is little more than an advertisement for the renewable industry:
New solar, wind and hydropower sources were added in 2015 at the fastest rate the world has yet seen, a study says.
Investments in renewables during the year were more than double the amount spent on new coal and gas-fired power plants, the Renewables Global Status Report found.
For the first time, emerging economies spent more than the rich on renewable power and fuels.
Over 8 million people are now working in renewable energy worldwide.
For a number of years, the global spend on renewables has been increasing and 2015 saw that arrive at a new peak according to the report.
Falling costs key
About 147 gigawatts (GW) of capacity was added in 2015, roughly equivalent to Africa’s generating capacity from all sources.
China, the US, Japan, UK and India were the…
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