The Race for Renewable Energy Domination


As climate negotiators gather for the Bonn Climate Change Conference in Germany, the shadow of a potential U.S. pull-out of the Paris Agreement looms. Ratified by 144 parties - including the world's largest CO2 emitters (China and the U.S.) - its legitimacy is being threatened. President Trump is due to make a decision this month on whether or not to withdraw the U.S.'s signature.

Turning its back on the Paris Agreement would have a number of effects; both positive and negative. While a shift of focus back onto fossil fuels will undoubtedly provide jobs growth in the short-term, whether Trump believes in climate change or not, the future of energy is in renewables.

In addition to corporate investment, there is a large amount of money being directed by national governments into renewable energy research and development - each seeking an edge in the race to exert dominance. As our infographic shows, China is leading the way in terms of outright spend, with almost 2 billion dollars invested last year. By looking to the past instead of the future, the U.S. risks handing the advantage to China early on in the game. And it's a game which it will at some point be forced to play.

Figures from the Global Trends in Renewable Energy Investment 2017 report by Frankfurt School – UNEP Collaborating Centre for Climate & Sustainable Energy Finance.

Infographic: The Race for Renewable Energy Domination | Statista
Related Infographics
  • Energy Consumption
    The U.S. States Most Dependent On Coal Power

    This chart shows the share of electricity from coal generation in U.S. states in 2014.

  • Renewable Energy Industry United States
    More Workers In Solar Than Fossil Fuel Power Generation

    This chart shows employment in energy generation by source in the U.S. in 2016.

  • Global Climate Change
    2016 Marks the Warmest Year on Record

    This chart illustrates how the average global temperature has changed since 1880.

  • Apple
    GreenTech: The Top Companies

    This chart illustrates the percentage of renewable energy in the power supply of leading tech companies

  • Renewable Energy Industry United States
    Fossil Fuels Are Falling Out Of Favor In The U.S.

    This chart shows the % of U.S. adults who favor/oppose expanding these energy sources.

You may also be interested in...
Infographic Newsletter

Statista offers daily infographics about trending topics covering Media and Society.

Download & Reference
You may also be interested in...
Who may use the "Chart of the Day"?
The Statista "Chart of the Day", made available under the Creative Commons License CC BY-ND 3.0, may be used and displayed without charge by all commercial and non-commercial websites. Use is, however, only permitted with proper attribution to Statista. When publishing one of these graphics, please include a backlink to the respective infographic URL.

Which topics are covered by the "Chart of the Day"?
The Statista "Chart of the Day" currently focuses on two sectors: "Media and Technology", updated daily and featuring the latest statistics from the media, internet, telecommunications and consumer electronics industries; and "Economy and Society", which current data from the United States and around the world relating to economic and political issues as well as sports and entertainment.

Can Statista create customized charts?
Absolutely! For information on tailor-made and sector-specific Charts of the Day, please contact Robin Hüdepohl