Citation
Leal Filho, W. (2015), "Editorial", International Journal of Climate Change Strategies and Management, Vol. 7 No. 3. https://doi.org/10.1108/IJCCSM-05-2015-0063
Publisher
:Emerald Group Publishing Limited
Editorial
Article Type: Editorial From: International Journal of Climate Change Strategies and Management, Volume 7, Issue 3
Welcome to a further issue of IJCCSM, where we are happy to present a further set of interesting papers on climate change management from different parts of the world. In this editorial, I would like to refer to a report issued by the United Nations Environment Programme, titled “Global Trends in Renewable Energy Investment 2015”.
The report suggests that renewables are finally becoming a globally significant source of power. The document details how renewable energy is now entering the market at a scale that is relevant in energy industry terms – and at a price that is competitive with fossil fuels. Some of the key trends highlighted in the report include: rapid expansion in developing countries bringing about new installations of carbon-free renewable power plants; increased global investment in renewable power and fuels, up 17 per cent in 2014 compared to the previous year; and an increase in the use of renewables for the production of the world’s electricity, up from 8.5 per cent in 2013 to 9.1 per cent in 2014.
The past year brought a rebound of green energy investments worldwide with a surge of a solid 17 per cent to USD 270 billion. Putting aside the challenge of sharply lower crude oil prices, this sudden increase reversed the investment dip of the past two years and was mainly driven by investments in solar and wind energy. This trend is good news, as more renewable energy means less CO2 emissions, which, in turn, may alleviate the development of global warming.
Enjoy your reading!
Walter Leal-Filho, Editor