After a conference held on wednesday at the frankfurt school of finance& management report presented by the UN environmental program UNEP, investment in renewable energies fell by 12 percent last year to 244 billion US dollars (just under 184 billion euros). After double-digit growth rates recently, this is the first minus since the financial crisis in 2009, when investments fell slightly by two percent.
The main reasons for this are uncertainties about demand policies in europe and the USA, as well as falling production costs for solar energy. But the volume of investment is still enormous, eight percent above the 2010 level, said silvia kreibiehl of the UNEP cooperation center at the frankfurt school. In fact, it was only in 2011 that more money was invested in the global energy transition.