• About
    • Which Energy Mix is this?
  • Climate News Network Archive
  • Contact
The climate news that makes a difference.
No Result
View All Result
The Energy Mix
  • Canada
  • Fossil Fuels
  • Ending Emissions
  • Cities & Communities
  • Electric Mobility
  • Heat & Power
  • Community Climate Finance
SUBSCRIBE
DONATE
  • Canada
  • Fossil Fuels
  • Ending Emissions
  • Cities & Communities
  • Electric Mobility
  • Heat & Power
  • Community Climate Finance
SUBSCRIBE
DONATE
No Result
View All Result
The Energy Mix
No Result
View All Result
  • Canada
  • Fossil Fuels
  • Ending Emissions
  • Cities & Communities
  • Electric Mobility
  • Heat & Power
  • Community Climate Finance
  FEATURED
REVEALED: Imperial Oil, Alberta Regulator Knew of Toxic Seepage at Kearl Mine for Years, Kept First Nation in the Dark October 3, 2023
Oil and Gas, Buildings Drive 2.1% Rise in Canada’s Climate Pollution October 2, 2023
Shell CEO Doubles Down on Renewable Cuts Despite Internal Pushback October 2, 2023
Leading Climate Models Underestimate Clean Energy Progress, Overstate Cost, Study Finds October 2, 2023
UAE Holds Major Oil and Gas Conference Before Hosting COP 28 Climate Summit October 2, 2023
Next
Prev

China Led the World in Clean Energy Investment in 2017

January 17, 2018
Reading time: 2 minutes

taylorandayumi/Wikipedia

taylorandayumi/Wikipedia

 

It wasn’t quite a record, but investors nonetheless put a third of a trillion dollars into clean energy last year, with China far out in front of rival nations, Bloomberg New Energy Finance (BNEF) reports in an annual retrospective.

The Clean Energy Investment Trends 2017 report, finds that US$333 billion was invested last year in all forms of clean energy—up 3% from $324.6 billion in 2016, but still significantly lower than 2015, when the survey counted a record $360.3 billion in investment. Driving the increase: “An extraordinary boom in photovoltaic installations in China.”

  • Concise headlines. Original content. Timely news and views from a select group of opinion leaders. Special extras.
  • Everything you need, nothing you don’t.
  • The Weekender: The climate news you need.
Subscribe

All that money bought “a record 160 GW of clean energy generating capacity, excluding large hydro, commissioned globally in 2017,” BNEF notes. 98 GW of that was in solar; 56 GW in wind.

However, 2017 saw a shift in the shape of the investment mix and the channels involved. Venture capital and private equity investment dropped 38% in 2017 to reach its lowest activity level since 2005, while clean energy acquisitions hit a record $127.9 billion.  

The $132.6 billion China invested in all types of clean energy last year was 24% above its 2016 commitment level, and more than a third of the entire world total.

That investment was more than twice the $56.9 billion placed by the next-highest investor, the United States, an amount essentially unchanged from 2016. Citing unrelated data from the Rhodium Group and the U.S. Energy Information Administration, the Engadget tech blog reports that “solar and wind power represented 94.7% of net new electricity capacity added in 2017,”15.8 out of 16.7 GW installed.

Some other countries also witnessed notable changes in their clean energy investments last year, according to the BNEF survey.

In Britain, dollars invested in clean energy plummeted by 56% to a little over $10 billion. The Guardian asserts that funds committed in the UK fell “further than in any other country,” blaming the decline on “government policy changes”. In India, investment in clean energy for the world’s second-most populous country fell by 20%, to about $11 billion.

On the other hand, large wind and solar projects pushed Australia’s clean investment up by 150%, to a record $9 billion. Investment in Mexico more than quintupled, up 516% from 2016 to $6.2 billion.

At $3.3 billion, Canadian clean investment was up by 45%, after falling by an equivalent percentage in 2016.

The BNEF review confirms that “solar costs continue to fall sharply” around the world, with prices for utility-grade solar PV falling 25% from as recently as 2014. Global solar investment rose by 18% year over year. Wind received $107.2 billion in investment, down 12% from 2016.

Things were much worse for most every other form of clean energy, “with [investment in] biomass and waste-to-energy down 36% at $4.7 billion, biofuels down 3% at $2 billion, small hydro 14% lower at $3.4 billion, low-carbon services down 4% at $4.8 billion, geothermal down 34% at $1.6 billion, and marine energy down 14% at just $156 million,” BNEF notes.



in Canada, China, Community Climate Finance, Ending Emissions, General Renewables, India, International, International Agencies & Studies, Solar, United States, Wind

The latest climate news and analysis, direct to your inbox

Subscribe

Related Posts

jasonwoodhead23/flickr
Tar Sands / Oil Sands

REVEALED: Imperial Oil, Alberta Regulator Knew of Toxic Seepage at Kearl Mine for Years, Kept First Nation in the Dark

October 3, 2023
147
Dawn Ellner/flickr
Carbon Levels & Measurement

Oil and Gas, Buildings Drive 2.1% Rise in Canada’s Climate Pollution

October 2, 2023
62
Solarimo/pixabay
Ending Emissions

Leading Climate Models Underestimate Clean Energy Progress, Overstate Cost, Study Finds

October 2, 2023
261

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Trending Stories

jasonwoodhead23/flickr

REVEALED: Imperial Oil, Alberta Regulator Knew of Toxic Seepage at Kearl Mine for Years, Kept First Nation in the Dark

October 3, 2023
147
Ramon FVelasquez/Wikipedia

Shell CEO Doubles Down on Renewable Cuts Despite Internal Pushback

October 2, 2023
142
Iota 9/Wikimedia Commons

‘Huge Loss’ for Local Green Economy as Vancouver Shutters Its Economic Commission

September 28, 2023
359
YouTube

UAE Holds Major Oil and Gas Conference Before Hosting COP 28 Climate Summit

October 3, 2023
75
Solarimo/pixabay

Leading Climate Models Underestimate Clean Energy Progress, Overstate Cost, Study Finds

October 2, 2023
261
Jon Sullivan/flickr

Thorold Gas Peaker Plant Won’t Be Built After Unanimous City Council Vote

September 21, 2023
880

Recent Posts

Dawn Ellner/flickr

Oil and Gas, Buildings Drive 2.1% Rise in Canada’s Climate Pollution

October 2, 2023
62
Northvolt plant in Sweden, Spisen/wikimedia commons

Quebec Lands $7B Battery Gigafactory Investment from Sweden’s Northvolt

October 2, 2023
62
GFDL/Wikimedia Commons

Clean Energy Funding Isn’t Just About Money, Policy Expert Warns

October 2, 2023
39
NASA Goddard Space Flight Center/Wikimedia Commons

Climate Change Brings Rapid Ice Loss to Antarctica, Arctic, Swiss Glaciers

October 2, 2023
58
Duffins Agriculture Preserve/North Country House Media via Greenbelt Foundation

Green Space Groups Gear for Bigger Fights After Ontario Reverses Greenbelt Land Grab

September 28, 2023
221
DiscoverEganville/wikimedia commons

EV Rentals to Improve Transportation Access for Ontario Townships

September 28, 2023
82
Next Post
DeSmog Canada/flickr

Two First Nations Lodge Civil Suit Against Site C Approval

The Energy Mix - The climate news you need

Copyright 2023 © Energy Mix Productions Inc. All rights reserved.

  • About
  • Contact
  • Privacy Policy and Copyright
  • Cookie Policy

Proudly partnering with…

scf_withtagline
The Energy Mix - Energy Central
No Result
View All Result
  • Canada
  • Fossil Fuels
  • Ending Emissions
  • Cities & Communities
  • Electric Mobility
  • Heat & Power
  • Community Climate Finance

Copyright 2022 © Smarter Shift Inc. and Energy Mix Productions Inc. All rights reserved.

Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}