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Global Trends in Renewable Energy
Global Trends in Renewable Energy
Over the last decade, renewable energy projects have become credible low-carbon alternatives to carbon-intensive fossil fuel-based projects.
Despite the impact from low oil prices, there has been a shift in the renewable energy profile in many countries, made possible through a combination of interventions:
- use of legislation and feed-in-tariff (FiT) where available
- tax incentives on technology imports and development
- advancement in commercial-scale technology
- newer forms of commercial structuring and funding avenues, such as green bond financing
Governments around the world, even in emerging markets, are now focusing on renewable energy.
We take a closer look at the trends driving this shift, such as, environmental considerations, global commitments, technology, and a strong sector appetite for green projects.
