In a recent report, Bloomberg New Energy Finance found that 2015 was a record year for global investment in the clean energy space. It’s being said that 2015 could be considered a revolutionary year for the world’s switch to clean energy.
Investment in Clean Energy Sources
It’s estimated that in 2015, over $329 billion was invested in wind, solar panels, biomass plants and other clean energy sources worldwide. Globally, over 121 gigawatts of new electricity generating capacity came from solar and wind sources. In the U.S., solar has seen a record year for installed capacity- over 7 gigawatts. Wind power has also seen a large increase this year- over 70 gigawatts of capacity, providing approximately 5% of all U.S. electricity.
Clean Energy Jobs
In addition to a clean energy capacity, clean energy jobs are also seeing an increase. In 2015 alone, the U.S. solar industry added an estimated 35,000 jobs, according to a new report from The Solar Foundation. In 2016, they estimated that over 40,000 jobs will be created in the solar industry alone.
Fossil Fuels Slowing Down
It’s expected that in 2015, a record number of coal plants in the United States will be retired. And that trend is expected to continue. In his address, New York governor Andrew Cuomo announced plans to “eliminate all use of coal in New York State by 2020.” Days prior, President Obama suggested plans during the State of the Union address to “change the way we manage our oil and coal resources so that they better reflect the costs they impose on taxpayers and our planet,” suggesting possible policy moves to limit coal leasing on public lands in the U.S.
New York governor Andrew Cuomo announced, in his latest state of the state address, plans to “eliminate all use of coal in New York State by 2020.” One day prior President Obama, in his State of the Union speech, suggested plans to “change the way we manage our oil and coal resources so that they better reflect the costs they impose on taxpayers and our planet,” suggesting possible policy moves to limit coal leasing on public lands in the U.S.