China invested a total of US$126.6 billion in renewable energy in 2017, the highest figure ever and accounting for 45 percent of global green energy investment, the ‘Global Trends in Renewable Energy Investment 2018’ report showed. Total global investment in renewables last year increased by 2 percent to US$279.8 billion, taking cumulative investment since 2010 to US$2.2 trillion, and to US$2.9 trillion since 2004, according to the report by UN Environment, the Frankfurt School-UNEP Collaborating Centre, and Bloomberg New Energy Finance (BNEF). “The latest rise in capital outlays took place in a context of further falls in the costs of wind and solar that made it possible to buy megawatts of equipment more cheaply than ever before,” the authors of the report wrote. Last week, BNEF said in another report that tumbling costs for wind, solar, and batteries are squeezing fossil fuels as a source of power generation. According […]