Clean energy provided 55 percent of all new capacity added worldwide, the most ever, and total investment was about double the amount for generators driven by fossil fuels, according to a report published Thursday by UN Environment, the Frankfurt School-UNEP Collaborating Centre and Bloomberg New Energy Finance.
Investment in clean power dropped 23 percent from 2015 to $241.6 billion, meaning that the new capacity installed came at a lower price. The average capital expenditure for a megawatt of wind and solar fell more than 10 percent, according to the study, and they are some of the cheapest sources of electricity in some countries. Click here
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