Listen to this articleOne of the key goals among the SDGs is the use of clean energy. As many countries are actively participating to fight global calamities and combat them with effective solutions. Having clean energy in our surroundings and let the companies actively participate in providing a clean solution is one of the important aspects of achieving.
In the year 2018, according to a survey done by Bloomberg New Energy Finance, China recorded to be the highest investor in clean energy with 100.1 billion U.S. dollars, U.S with 64.2 billion U.S. dollars and Japan holds the third position with 27.2 billion U.S. dollars whereas Vietnam is counted as the least investor with 3.3 billion U.S. dollars.
In the below chart, the investment made in clean energy has been graphed: –
As per the survey conducted by Bloomberg New Energy Finance, FS-UNEP Collaborating Centre, and UNEP in 2018, the Solar sector got the highest investment with 6.6 billion U.S. dollars, 2.7 billion U.S. dollars in the Wind sector, 1.8 billion U.S. dollars in Biofuels and sectors like Biomass & waste to energy, small hydro, Geothermal and Marine sectors attracted 1 billion to less than 1 billion U.S. dollars investments on a global scale.
In 2018, the investment made in clean energy across the world was 288.3 billion U.S. dollars as compared to 325 billion U.S. dollars in 2017.
Also, a pattern of rising and fall in the worldwide investment has been observed in the last 5 years of investment in clean energy i.e. in 2014 it was 287.8 billion U.S. dollars, 2015 it is 318.4 billion U.S. dollars, 2016 it is 294.2 billion U.S. dollars.
So, the reason behind the inconsistency in the investment has not been portrayed whether the budgets are planned following the results obtained from such investments or the yearly budgets are designed in such a manner. Nothing has been pictured out.
In my opinion, the investments clearly show a serious attitude from various countries to achieve the goal of clean energy and make it a sustainable future to conserve the planet. As with generation, we can also observe the pattern of being humbler to our mother nature and creating a major awareness for clean energy with effective participation with huge investments.
History is marked with wars and trying to conquer the world leading into the future of technological advancement and showing the picture of good advancement in nurturing the natural resource with apt solutions.
Source:- Bloomberg New Energy Finance