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Global record for expansion in renewable energies message

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BERLIN (dpa-AFX) – Renewable energies have been expanded worldwide more than ever before last year. Capacity building increased by 12 percent to 184 gigawatts in 2019, according to a report on global investments in renewable energies, which the Federal Environment Ministry published together with the Frankfurt School of Finance and Management on Wednesday. This is the largest growth worldwide to date within one year. At USD 282.2 billion (currently EUR 249.55 billion), the investments required for this were only one percent higher than in 2018 because the cost-technologies are becoming cheaper.

“Renewable energies such as wind and solar already make up almost 80 percent of the newly built capacity to generate electricity,” said Federal Environment Minister Svenja Schulze (SPD). The promotion of renewable energies is a strong motor for the recovery of the economy after the Corona crisis and creates jobs. Ulf Moslener from the Frankfurt School of Finance and Management warned that renewable energies only covered 13.4 percent of the world’s electricity needs. Governments, corporations and consumers should not let up now.

Over the past ten years, from 2010 to 1019, Germany has reportedly ranked fourth in the world at $ 184.4 billion in renewable energy investment, behind China, the United States and Japan. In 2019, on the other hand, it was only enough for fourth place in Europe – investments fell 30 percent compared to the previous year and stood at $ 4.4 billion. The report “Global Trends in Renewable Energy Investment” has been published since 2007 and provides an overview of investments in renewable energies worldwide./ted/DP/eas



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