*** Take the Power Bill Challenge today – you have nothing to lose… but money to gain! - Click here ***

New Record Set for Renewable Energy in 2017

Tuesday, June 5, 2018
New Record Set for Renewable Energy in 2017

Even though the world still gets 80% of its energy from coal, oil and natural goals, there has been a significant growth in using zero-carbon sources.

According to the annual Global Status Report published by renewables policy group REN21, the money spent on renewable installations was more than twice the sum spent on nuclear and fossil-fuel power in 2017. Despite the rapid growth of renewable energy sources across the globe, which actually doubled in the last 10 years, it is still not enough to reduce emissions across the world.

There has been 2.1% power demand increase within the last year and renewable sources aren't able to keep pace. Moreover, the world's energy-related carbon emissions rose by 1.7% for the first time in four years. As a whole, the world still relies heavily on fossil fuels, which accounts for 80% of all energy generated globally. But it is a good sign that renewables keep growing each year.

Other News

Oct 18, 2019

Future Proof your Power Plan

The government’s electricity reforms announced earlier this month mean some big changes for the electricity market. The reaction from Power Compare customers definitely fall into 2 groups.....

Oct 4, 2019

Who are the winners and losers in the Government Electricity reforms?

The government has announced sweeping changes to the electricity market – amounting to the biggest shake-up for the industry in 20 years. Some of us will be better off, but not everyone. here's a breakdown...

Oct 4, 2019

Government announces massive changes – here is a breakdown of the Government Electricity reforms

Energy Minister Meagan Woods announced sweeping changes to the electricity market – the biggest shake-up for the industry in 20 years.

Sep 23, 2019

Power Prices are still too high – record numbers switch to better power deals

A whopping 42,000 households switched plans between different power companies in August – the second highest month on record. With 39 power companies all competing for market share – we are seeing lower prices and...

Sep 6, 2019

Cheapest power company NZ

With power prices frequently changing, how to be sure who is the cheapest power company in New Zealand?
Finding the cheapest electricity provider can feel a lot like searching for a needle in a haystack....