Projections Developments Exploitations of Renewable Energy Resources

Based on REN21's 2017 report renewables contributed 19.3% to humans' global energy consumption and 24.5% to their generation of electricity in 2015 and 2016 respectively. This energy consumption is divided as 8.9% coming from traditional biomass 4.2% as heat energy (modern biomass geothermal and solar heat) 3.9% from hydroelectricity and the remaining 2.2% is electricity from wind solar geothermal and other forms of biomass. Worldwide investments in renewable technologies amounted to more than US$286 billion in 2015. In 2017 worldwide investments in renewable energy amounted to US$279.8 billion with China accounting for US$126.6 billion or 45% of the global investments the United States for US$40.5 billion and Europe for US$40.9 billion. Globally there are an estimated 7.7 million jobs associated with the renewable energy industries with solar photovoltaics being the largest renewable employer. As of 2019 worldwide more than two-thirds of all new electricity capacity installed was renewable. Growth in consumption of coal and oil could end by 2020 due to increased uptake of renewables and natural.