Worldwatch is happy to announce the launch of the much anticipated 2012 REN21 Renewables Global Status Report (GSR). GSR 2012 details worldwide developments in the renewable energy sector through 2011. The report highlights a number of key developments, including market and industry trends, investment flows, the shifting policy landscape, advancements in rural renewable energy deployment, and the evolving synergy between renewable energy and energy efficiency.
The new GSR data highlights many remarkable worldwide trends, demonstrating that the renewable energy sector has emerged from the global finical crisis stronger than ever. In 2011, new investment and added power generation capacity for renewables broke their all-time records yet again. Global investments in renewables were estimated at US $257 billion in 2011, an increase of 17 percent over 2010. Investment in renewable energy power generation was $40 billion greater than investment in fossil fuels in 2011.
Total renewable power capacity grew by 8 percent in 2011, reaching over 1,360 gigawatts (GW) of installed capacity by year-end. Renewable energy technologies now account for 16.7 percent of total final energy consumption and over 25 percent of the world’s installed power-generating capacity. China, the United States, Germany, Spain, Italy, India, and Japan are leading in new renewable investments and now account for almost 70 percent of the world’s non-hydro renewable power generation capacity.