Around 1.3 trillion US dollars have been invested into the renewable energy sector since 2006 and the growth trend is set to continue, according to a new report by Renewable Energy Policy Network for the 21st Century (REN21). The report also reveals that in 2012, internationally 5.7 million people were employed in the sector.
The 2013 Global Status Report by REN21 – an international group which monitors sustainable energy policy – states that 2012 was the second highest year ever for renewable energy investment, with the gap between developed and developing countries’ investment narrowing to just 18%.
These findings demonstrate unequivocally that renewable energy such as solar PV, wind power, solar hot water/heating, biofuels, hydropower and geothermal are becoming increasingly prevalent internationally, and are efficient alternatives to fossil fuels.
earthtechling
