Record Upsurge in Clean Energy Investments despite Low Oil Prices

Expansion of the global clean energy sector is the single most influential factor in the fight against climate change. Around the world, now over eight million people are employed in the clean energy industry. In the U.S., more people now work in the solar industry than in oil and gas extraction.

According to the recent REN21 global status report, rise in new wind, solar and hydro-electric plants and capacity has shattered world records. The money spent on renewables in 2015 was more than twice of that on coal and gas-fired power generation. About 147 GW of renewable power was added in 2015, representing the biggest annual increase ever and equivalent to Africa’s entire power generating capacity.

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