Renewable energy and other low-carbon technologies are now a successful mainstream business with investors spending $207 USD billion in the sector last year, according to a report released Monday by Clean Energy Canada.
The report — Tracking the Energy Revolution — also said that carbon-based fuels would remain an important part of the global energy system for decades but added that “for the first time in more than a century, multiple signs suggest that their dominance is beginning to wane.”
Global fossil-fuel power generation investment last year totalled $270 billion, the report said, only $63 billion more than for clean energy investments.