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 was founded and operates on Indigenous land within Treaty Six Territory and Métis Region 4 in amiskwaciy-wâskahikan (in Nehiyawewin/Cree), so-called Edmonton. The home of many Indigenous Peoples including the Nehiyawak/Cree, Tsuut’ina, Niitsitapi/Blackfoot, Métis, Nakota Sioux, Haudenosaunee/Iroquois, Dene Suliné, Anishinaabe/Ojibway/Saulteaux, and the Inuk/Inuit.
We pay our respects to all Indigenous Peoples of this land. Through their spiritual and practical relationships with the land, a rich heritage for our learning and our life as a community has been created and maintained. We recognize that the transition to a low-carbon future must be led by Indigenous Peoples and that there will be no justice unless we acknowledge and repair our relationship with the land.
We are committed to responding to the Truth and Reconciliation Commission of Canada’s Calls to Action and upholding the United Nations Declaration on the Rights of Indigenous Peoples, and acknowledge that we are always learning and unlearning practices that minimize harm and lead to the development of trust between us and Indigenous Peoples across Nations and urban centers.