Many people often ask what the global trends in investment in electricity generation capacity are given the wave of renewable energy policies being adopted by countries around the world. Consider these facts:
- Investment in power generation in 2008 was around $US 250 billion globally.
- Investment in wind generation alone in the same year was $US 52 billion globally.
- Investment in all forms of renewable generation in the same year was $140 billion globally.
- In total, more than half (or 56%) of all new generation investment was renewable.
These statistics show the globe is shifting towards renewable energy. Australia’s policy directions are consistent with these investment trends.