The global investment in green energy in 2021 hit a record high of $755 billion, BloombergNEF (BNEF) writes in the traditional report on global investment in low-carbon assets Energy Transition Investment Trends 2022.
Compared to 2020, the growth was 6.5%. China has invested the most in green assets – $266 billion.
In addition, in 2021, private companies worldwide actively purchased green energy instead of traditional energy to support their commitment to decarbonize their businesses.
Large global companies have purchased a record 31.1 GW of alternative energy, nearly 24% more than in 2020, according to BloombergNEF.
Although traditional energy carriers still occupy a dominant position in the global energy sector, renewable energy sources (RES) are systematically strengthening their positions.
Blomberg noted that investments in alternative power generation are not just a tribute to the “green” fashion, but an essential factor in the country’s competitiveness in the world community.
One of the tasks of state support for RES is the creation of new markets for the use of technologies that stimulate demand for RES projects, as well as the creation of favorable conditions for the entry of new companies into the industry, which together should be reflected in a decrease in the cost of energy obtained through alternative generation.
According to experts, the most promising sources of alternative energy in the world, in general, are solar and wind.