In 2019, the largest regional investments into renewable energy came from China and the United States. China alone invested 90.2 billion U.S. dollars, while the U.S. contributed 59 billion to sustainable energy technologies. Investment in the United States was also significant on a global scale.
U.S. clean energy consumption
The United States is the second-largest consumer of renewable energy worldwide after China. Though hydroelectric power is currently that most common source of renewable electricity, increasing installed capacity has been coming from wind and solar in recent years. Investment in renewables in the United States has increased since the oil market became particularly turbulent during the 2008 financial crisis, and has also corresponded with the beginning of the Obama administration, which in 2009, called to double clean energy within three years.
Renewables in Europe
Germany holds a significant position as a leading consumer and producer of renewables worldwide, notable for its onshore wind capacity. Spain, the United Kingdom, and France are also among the largest installers of total wind power capacity in the world. Biomass is another major source of renewable energy for Europe, particularly in the heating and cooling sector.
New investments in renewable energy worldwide in 2019, by region
(in billion U.S. dollars)
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UNEP, & Bloomberg, & FS-UNEP Collaborating Centre. (June 9, 2020). New investments in renewable energy worldwide in 2019, by region (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 25, 2022, from https://www.statista.com/statistics/186923/new-investments-worldwide-in-sustainable-energy-by-region/
UNEP, und Bloomberg, und FS-UNEP Collaborating Centre. "New investments in renewable energy worldwide in 2019, by region (in billion U.S. dollars)." Chart. June 9, 2020. Statista. Accessed May 25, 2022. https://www.statista.com/statistics/186923/new-investments-worldwide-in-sustainable-energy-by-region/
UNEP, Bloomberg, FS-UNEP Collaborating Centre. (2020). New investments in renewable energy worldwide in 2019, by region (in billion U.S. dollars). Statista. Statista Inc.. Accessed: May 25, 2022. https://www.statista.com/statistics/186923/new-investments-worldwide-in-sustainable-energy-by-region/
UNEP, and Bloomberg, and FS-UNEP Collaborating Centre. "New Investments in Renewable Energy Worldwide in 2019, by Region (in Billion U.S. Dollars)." Statista, Statista Inc., 9 Jun 2020, https://www.statista.com/statistics/186923/new-investments-worldwide-in-sustainable-energy-by-region/
UNEP & Bloomberg & FS-UNEP Collaborating Centre, New investments in renewable energy worldwide in 2019, by region (in billion U.S. dollars) Statista, https://www.statista.com/statistics/186923/new-investments-worldwide-in-sustainable-energy-by-region/ (last visited May 25, 2022)