Against an increasingly rough and tumble competitive landscape, total investment in renewables excluding large hydro last year increased 17% to a record $257billion, a six-fold increase on the 2004 figure and 94% higher than the total in 2007, the year before the world financial crisis, according to United Nations research.
RENEWABLE energy sources are expected to contribute up to 80% of global energy supply by 2050, a new 1,000-page report published by the Intergovernmental Panel on Climate Change (IPCC) claims.
CHINA will have 100 gigawatts of wind-power capacity by 2020 - more than three times the 30GW target the government laid down in an energy strategy drawn up just 18 months ago.