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 was founded within Treaty 6 Territory and within the Métis homelands and Métis Nation of Alberta Region 4. We acknowledge this land as the traditional territories of many First Nations, including the Nehiyaw (Cree), Denesuliné (Dene), Nakota Sioux (Stoney), Anishinaabe (Saulteaux), and Niitsitapi (Blackfoot).
Iron & Earth acknowledges that our work takes place on the traditional, ancestral, and unceded territories of Indigenous Peoples across Canada. We recognize the ongoing impacts of colonialism and the deep connection that Indigenous communities have with the land, water, and environment. Our commitment to a Just Transition is informed by Indigenous land stewardship principles. We are dedicated to fostering partnerships with Indigenous communities, respecting their sovereignty, and learning from their knowledge and traditions. We strive to ensure that our initiatives are inclusive and support community-driven climate solutions, contributing to a sustainable and equitable future for all. We honor the diverse histories, languages, and cultures of Indigenous Peoples and commit to continuing our journey of learning and reconciliation as we work together toward a thriving green economy.