Commentary: Despite falling costs, the decline in renewables investment is a warning signal for the clean energy transition
(WorldNews Environment)

By Michael Waldron Energy Investment Analyst 23 July 2018 After two years of growth, global investment in renewable energy declined by 7% in 2017, its largest fall in over 15 years, as reported in the IEA`s World Energy Investment report. One reason behind this drop-off were costs that made renewable sources like solar PV more affordable than ever. But the investment decline also provides a warning for progress towards achieving a clean energy transition because renewable power capacity growth has levelled off, the expected new generation from these investments has declined, and development was concentrated in some countries facing policy uncertainties. Renewables are an essential component...