Global Energy Trends

The “Global Trends in Renewable Energy Investment Report” by the United Nations and Bloomberg New Energy Finance has recently been released. Key energy facts in the 2017 report include:

  • Global greenhouse gas emissions rose to a record level in 2017. This was the first increase in greenhouse gas emission, since 2014.
  • More solar capacity was added around the world in 2017 than coal, natural gas and nuclear power projects combined.
  • Developing countries accounted for 63% of the renewable energy investment in the world.
  • The United States invested $40.5 billion in renewable energy projects.
  • Renewable energy prevented the emission of 1.8 gigatons of carbon dioxide in the world in 2017

Why have greenhouse gas emissions increased to a record level? The global economy is continuing to improve, and few countries are truly committed to reducing greenhouse gas emissions. Although the growth of renewable energy is encouraging, I believe we must all pressure our respective governments and legislators to pursue renewable energy and dramatically curtail the use of fossil fuels.

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