William Mathis, Bloomberg
The global energy supply is turning greener.
Investment in new renewable energy is on course to total $2.6 trillion in the years from 2010 through the end of 2019, according to a study by BloombergNEF for the United Nations Environment Program and Frankfurt School’s UNEP Center published Thursday.
The boom in the capacity to generate electricity from low-carbon sources gives credibility to an effort by world leaders to slash climate-damaging greenhouse gases. Falling costs of wind and solar power plants is making more projects in new markets economically competitive with generation fed by fossil fuels.
“Investing in renewable energy is investing in a sustainable and