More money was invested in renewable energy in the first six months of 2021 than the first half of any other year, according to tracking by BloombergNEF. But analysts still say “immediate” funding is needed to reach global net-zero emissions goals.
Globally, $174 billion of new investment was made in renewable energy capacity, equity raised by specialist companies, and related areas, like storage, through June – a 2% increase from the same period last year. The total was, however, 7% less than the record set for a six-month period in the second half of 2020.