Investments are moving in the area of renewable energy sources

Investments are moving in the area of renewable energy sources

World Bank data show that the transition occurs towards the low carbon economy.

Investments in the area of renewable energy sources accounted for more than half of all private investment in 2015, which indicates that there is an shift towards the low carbon economy, according to a World Bank report.

According to the report, private investment in 2015 amounted to 111.6 billion. dollars, of which almost two thirds were in renewables, and the whole of the year were higher than in the previous five years combined. Thus, the area of solar energy generated 72% more investment than in the previous five years.

Looking at the energy sources, in the solar energy has been invested 9.4 billion. dollars of private investment, as well as in the wind energy, and in hydropower invested 2.9 billion. dollars and in the geothermal energy 1.3 billion. dollars. In Africa, most investment attracted South Africa and Morocco, Chile in South America, in Asia and China.

Investment in conventional energy sources have fallen by 30% in the 2015 compared to 2014, to 37.6 billion. dollars, mainly due to falling oil and gas prices. Overall, investment in the energy sector attracted about 34% of all private investment in the world.

But it was not enough to secure energy the top spot as the most attractive sector for private investment was traffic, in which leads Turkey that in 2015 signed a huge contract more traffic, such as the one to build a new Istanbul airport, worth 35, 6 billion. dollars, reports the news agency UPI.

Renewable Energy Projects in Bosnia and Herzegovina

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