More Money Invested in Renewable Energy in 2015 Than New Fossil Fuel Power Projects

A record US$367 billion was invested in renewable energy in 2015, according to a new report out today by the Clean Energy Canada initiative of the Centre for Dialogue at Simon Fraser University.

Renewables investment increased by seven percent since 2014, with China, the US, and Japan representing more than half of the total investment last year, shows the report.

The report also finds that for the first time, more money was invested in clean energy than in new power from fossil fuel ($253bn).