From a report released today, electricity generation continues to rise despite a drop in investments. This has been credited by use of renewable energy that accounts for 44% across the world.
According to Global Trends in Renewable Energy Investment 2014 created by the Frankfurt School-UNEP indicated that investment dropped due to uncertainty in policies in many countries, an issue that depressed investment in fossil fuel generation in 2013.
Globally, renewable excluding large hydro accounted for 43.6% of newly installed capacity in 2013 which would have boosted the gap between emissions of about 12% so as to have a view of staying under a two degree centigrade temperature rise.
Energy sector accounts for around two thirds o f total greenhouse gas emissions. Through this ruse of renewable energy has generally risen which is encouraging.
The report also shows that more companies will encourage use of wind and solar energy so as to avoid painful periods of over-capacity and corporate distress.
Finally, Global Trends in Renewable energy Investment has been in the forefront in matters of renewable energy investment figures.