By Jaya Ramachandran | IDN-InDepthNews Analysis
FRANKFURT | NAIROBI (IDN) – Impressive strides were made on renewable energy investments amounting to $266 billion in 2015 – more than double the estimated $130 billion invested in coal and gas power stations, according to a new United Nations backed report. But UN Secretary-General Ban Ki-moon has issued a cautious note.
In his foreword to the report titled Global Trends in Renewable Energy Investment 2016, Ban said: “In spite of these positive findings, to keep global temperature rise well below 2 degrees and aim for 1.5 degrees, we must immediately shift away from fossil fuels. Sustainable, renewable energy is growing, but not quickly enough to meet expected energy demand.”