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The international renewable energy agency IRENA recently released a report that global renewable energy investment from 2013 to 2018 continues to grow, of which it reached 351 billion US dollars in 2017, which is the highest annual investment scale
on record.
IRENA believes that an additional $1.
8 trillion
will be invested in renewable energy over the next five years to meet global climate commitments.
"The slight decline in renewable energy investment in 2018 and the modest pick-up in 2019 are largely related to the falling cost of renewable energy, as total installed capacity worldwide continues to grow
.
"
According to the report, current levels of
investment are still insufficient to meet the climate pledge to limit global temperature rise to 1.
5 degrees Celsius by mid-century.
It is estimated that meeting climate goals by 2050 will require an expanded investment in renewable energy technologies to reach $800 billion per year
.
Francesco La Camera, Director General of IRENA, said: "The trend in renewable energy investment before the pandemic was positive
.
But the pandemic has also taught us that we need to do more to better restore a sustainable, resilient economy
in response to climate issues.
”
The report also notes that an average annual investment of $2 trillion in renewable energy and other energy transition technologies in 2021-2023 will help create 5.
5 million jobs
.
With an average annual investment of $4.
5 trillion by 2030, it is expected to create 19 million jobs
in industries related to the energy transition.
At the same time, investment in off-grid renewable energy solutions is also increasing, reaching US$460 million in 2019, and this figure will continue to increase
in the future.
The international renewable energy agency IRENA recently released a report that global renewable energy investment from 2013 to 2018 continues to grow, of which it reached 351 billion US dollars in 2017, which is the highest annual investment scale
on record.
IRENA believes that an additional $1.
8 trillion
will be invested in renewable energy over the next five years to meet global climate commitments.
"The slight decline in renewable energy investment in 2018 and the modest pick-up in 2019 are largely related to the falling cost of renewable energy, as total installed capacity worldwide continues to grow
.
"
According to the report, current levels of
investment are still insufficient to meet the climate pledge to limit global temperature rise to 1.
5 degrees Celsius by mid-century.
It is estimated that meeting climate goals by 2050 will require an expanded investment in renewable energy technologies to reach $800 billion per year
.
Francesco La Camera, Director General of IRENA, said: "The trend in renewable energy investment before the pandemic was positive
.
But the pandemic has also taught us that we need to do more to better restore a sustainable, resilient economy
in response to climate issues.
”
The report also notes that an average annual investment of $2 trillion in renewable energy and other energy transition technologies in 2021-2023 will help create 5.
5 million jobs
.
With an average annual investment of $4.
5 trillion by 2030, it is expected to create 19 million jobs
in industries related to the energy transition.
At the same time, investment in off-grid renewable energy solutions is also increasing, reaching US$460 million in 2019, and this figure will continue to increase
in the future.
