Record Investment in Renewables
By Devin Tepleski
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Record Investment in Renewables
Like oil, the prices for wind turbines and photovoltaic solar panels have been falling. This has led to record investment in renewables in 2015.
According to a new report by Bloomberg Finance, it isn't just the future of renewables that looks good. Investment in renewable energy looks great today. 2015 saw a massive 329 BILLION dollar spend on renewables. Even as investor activity in other sectors fell sharply, largely in reaction to a glut in oil and other resource prices, renewables continued to attract investment. The year ended with a 4x increase from 2004.
While this is an astoundingly good news story for clean energy investment and our environment, new markets like Mexico , Chile, South Africa and Morocco are stealing the show. This report further highlights the diversification needed in Canadian energy.
Check out Bloomberg's fantastic interactive infographic here and as always, feel free to join the discussion below.
Iron & Earth is committed to partnering with Indigenous workers to empower their communities to become self-sufficient in training programs, clean energy transition projects, and employment opportunities to combat environmental racism.
It falls to all of us to continue the work of healing and reconciliation in our communities and our organizations. Our relationship with the land and the people who live here shapes who we are. It is in the spirit of reconciliation and honouring the past that we recognize treaties and agreements wherever they are and wherever we work.
We also acknowledge all peoples who live, work, and play on this land, and who honour and celebrate this territory.
As individuals and teams we may make mistakes along the way, but we are dedicated to growth, openness, compassion, and forgiveness. These principles in our work are essential to building successful and healthy relationships with individuals, communities, organizations, and governments.
We look forward to building a path to lead us to a better relationship with Indigenous nations and the environment around us based on peace, friendship, and respect.
