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Record world investment in renewable energy, except for Australia, of course

2014 a record-breaking year for renewables — except Australia of course, Independent Australia Anthony M Horton 26 June 2015 The latest REPN report shows renewable energy is now indisputably the world’s new economic powerhouse. Dr Anthony M Hortonwarns Abbott that Australia will be left behind in the wake.

The latest report from the Renewable Energy Policy Network (REPN) released 18 June 2015 has shown that 2014 was a record breaking year for renewable energy around the globe (but not in Australia).

New investment exceeded US$300 billion, and renewables now contribute nearly 28 per cent of generating capacity.

Solar PV capacity has increased 48 fold over the last decade and wind capacity has increased 8 fold. In contrast to these remarkable growth figures, Australia continues to languish with investment and jobs in the renewable sector slashed as a result of ongoing RET reviews.

Renewable energy is now regarded as the new economic powerhouse around the world and is attracting investment and providing employment. It is now increasingly likely that those countries that embrace this renewable “wave” are going to leave those that don’t in their wake…………….https://independentaustralia.net/environment/environment-display/2014-a-record-breaking-year-for-renewables–except-australia-of-course,7864

June 28, 2015 - Posted by Christina Macpherson | general