Abstract:

The 2017 edition of the REN21 Renewables Global Status Report (GSR) reveals a global energy transition well under way, with record new additions of installed renewable energy capacity, rapidly falling costs, particularly for solar PV and wind power, and the decoupling of economic growth and energy-related carbon dioxide emissions for the third year running. The report analyses the views of over 110 renowned energy experts from around the world who were interviewed over the course of 2016. The year 2016 saw several developments and ongoing trends that all have a bearing on renewable energy, including the continuation of comparatively low global fossil fuel prices; dramatic price declines of several renewable energy technologies; and a continued increase in attention to energy storage. For the third consecutive year, global energy-related carbon dioxide emissions from fossil fuels and industry were nearly flat in 2016, due largely to declining coal use worldwide but also due to improvements in energy efficiency and to increasing use of renewable energy.