World Added Much More Solar Power Capacity Than Fossil Fuel Capacity in 2017

It’s somewhat encouraging evidence as the existential threat of climate change has been continually becoming worse in recent years. Some people still fail to view climate change as a serious threat, which is one of the unfortunate aspects about this crazy world.

The world installed a record 98 gigawatts of new solar capacity, far more than the net additions of any other technology — renewable, fossil fuel or nuclear.

Solar power also attracted far more investment, at $160.8 billion, up 18 per cent, than any other technology. It made up 57 per cent of last year’s total for all renewables (excluding large hydro) of $279.8 billion, and it towered above new investment in coal and gas generation capacity, estimated at $103 billion.

[…]

“The extraordinary surge in solar investment shows how the global energy map is changing and, more importantly, what the economic benefits are of such a shift,” said UN Environment head Erik Solheim. “Investments in renewables bring more people into the economy, they deliver more jobs, better quality jobs and better paid jobs. Clean energy also means less pollution, which means healthier, happier development.”

Overall, China was by far the world’s largest investing country in renewables, at a record $126.6 billion, up 31 per cent on 2016.

There were also sharp increases in investment in Australia (up 147 per cent to $8.5 billion), Mexico (up 810 per cent to $6 billion), and in Sweden (up 127 per cent to $3.7 billion).

A record 157 gigawatts of renewable power were commissioned last year, up from 143 gigawatts in 2016 and far out-stripping the net 70 gigawatts of fossil-fuel generating capacity added (after adjusting for the closure of some existing plants) over the same period.

“The world added more solar capacity than coal, gas, and nuclear plants combined,” said Nils Stieglitz, President of Frankfurt School of Finance & Management. “This shows where we are heading, although the fact that renewables altogether are still far from providing the majority of electricity means that we still have a long way to go.”

Some big markets, however, saw declines in investment in renewables. In the United States, investment dropped 6 per cent, coming in at $40.5 billion. In Europe there was a fall of 36 per cent, to $40.9 billion, with big drops in the United Kingdom (down 65 per cent to $7.6 billion) and Germany (down 35 per cent to $10.4 billion). Investment in Japan slipped 28 per cent to $13.4 billion.

[…]

Global investments in renewable energy of $2.7 trillion from 2007 to 2017 (11 years inclusive) have increased the proportion of world electricity generated by wind, solar, biomass and waste-to-energy, geothermal, marine and small hydro from 5.2 per cent to 12.1 per cent.

The current level of electricity generated by renewables corresponds to about 1.8 gigatonnes of carbon dioxide emissions avoided — roughly equivalent to those produced by the entire U.S. transport system.

2 thoughts on “World Added Much More Solar Power Capacity Than Fossil Fuel Capacity in 2017

  1. RGHE theory exists only to explain why the earth is 33 C warmer with an atmosphere than without. Not so. The average global temperature of 288 K is a massive WAG at the ”surface.” The w/o temperature of 255 K is a theoretical S-B ideal BB OLR calculation at the top of – the atmosphere. An obviously flawed RGHE faux-thermodynamic “theory” pretends to explain a mechanism behind this non-existent phenomenon, the difference between two made up atmospheric numbers.

    But with such great personal, professional and capital investment in this failed premise, like the man with only a hammer, assorted climate “experts” pontificate that every extreme, newsworthy weather or biospheric flora or fauna variation just must be due to “climate change.”

    The Earth’s albedo/atmosphere doesn’t keep the Earth warm, it keeps the Earth cool. As albedo increases, heating and temperature decrease. As albedo decreases, heating and temperature increase.

    Over 11,500 views of my five WriterBeat papers and zero rebuttals. There was one lecture on water vapor, but that kind of misses the CO2 point.

    Step right up, bring science, I did.

    http://writerbeat.com/articles/14306-Greenhouse—We-don-t-need-no-stinkin-greenhouse-Warning-science-ahead-
    http://writerbeat.com/articles/15582-To-be-33C-or-not-to-be-33C
    http://writerbeat.com/articles/19972-Space-Hot-or-Cold-and-RGHE
    http://writerbeat.com/articles/16255-Atmospheric-Layers-and-Thermodynamic-Ping-Pong
    http://writerbeat.com/articles/15855-Venus-amp-RGHE-amp-UA-Delta-T

    https://principia-scientific.org/climate-science-what-doesnt-work-and-why/
    https://principia-scientific.org/bbc-scientists-and-the-greenhouse-gas-climate-fraud/
    https://principia-scientific.org/bad-measuring-made-co2-our-climates-control-knob/
    https://www.linkedin.com/feed/update/urn:li:activity:6384689028054212608

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    • You’re another one of those morons or corporate shills who deny the reality of climate change. Even Exxon and the Pentagon admit the existence of global heating — Exxon even has a page about it. Now today the world is finding that Shell also knew about the effects of carbon dioxide.

      The Greenhouse Effect,” outlines a comprehensive study of climate science and the projected impact of fossil fuels, and reveals that the company secretly had been commissioning such analyses since at least 1981. The report acknowledges the central role that fossil fuels—especially oil—play in increasing CO2 emissions that drive global warming.

      “Although CO2 is emitted to the atmosphere through several natural processes,” the report states, “the main cause of increasing CO2 concentrations is considered to be fossil fuel burning.”

      Mature and realize that spouting your illogical climate denialism — what you sent is nonsense pseudoscience — makes you part of the problem in dealing effectively with the existential threat to humanity known as climate change.

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