By New Scientist staff and Press Association
Record amounts of new renewables were added to energy systems worldwide last year at a lower cost as clean technology prices fell, a report shows.
Wind, solar, biomass, geothermal, small-scale hydropower, marine energy and waste-to-energy schemes added 138.5 gigawatts (GW) to global power capacity, equivalent to the total installed capacity of Canada.
The figure, which excludes large hydroelectric dams, is up 8 per cent from 127.5GW in 2015.
Despite the increase, global investment in new renewables was down almost a quarter to $241.6 billion as the costs of renewables such as solar and wind fell.
The spending per unit of power capacity from solar and wind dropped by more than a tenth in 2016, the report by UN Environment, the Frankfurt School-UNEP Collaborating Centre and Bloomberg New Energy Finance found.
Investment in new renewables was roughly double the amount going into fossil fuel plants and the clean technologies …