The extent of the shift towards renewable energy is seen in the following statement from the United Nations Environment (UNEP) 2015 Report:
"Renewable energy technologies excluding large hydro made up 48% of the net power capacity added worldwide in 2014, the third successive year in which this figure has been above 40%." (http://apps.unep.org/publications/pmtdocuments/-Global_trends_in_renewab...)
Meanwhile the Cons remain dinosaurs sinking in the tarsands.
Here are more details from the UNEP report.
Global investment in renewable power and fuels (excluding large hydro-electric projects) was $270.2 billion in 2014, nearly 17% higher than the previous year. ...
The trend last year was, arguably, even more impressive than it would seem from the investment numbers, because a record number capacity of wind and solar photovoltaic power was installed, at about 95GW. ...
A key feature of 2014 was the continuing spread of renewable energy to new markets. Investment in developing countries, at $131.3 billion, was up 36% on the previous year and came the closest ever to overhauling the total for developed economies, at $138.9 billion, up just 3% on the year. Indonesia, Chile, Mexico, Kenya, South Africa and Turkey were all in the billion-dollar-plus club in 2014 in terms of investment in renewables, and others such as Jordan, Uruguay, Panama, the Philippines and Myanmar were in the $500 million to $1 billion range. ...
Renewables faced challenges as 2015 began – notably from policy uncertainty in markets such as the US and the UK, retroactive policy changes in countries such as Italy and Romania, and concerns about grid access for small-scale solar in Japan and some US states. The most daunting challenge was, at first sight, the impact of the 50%-plus collapse in the oil price in the second half of last year. However, although the oil price is likely to dampen investor confidence in parts of the sector, such as solar in oil-exporting countries, and biofuels, in most parts of the world, oil and renewables do not compete for power investment dollars. Wind and solar sectors should be able to carry on flourishing, particularly if they continue to cut costs per MWh.
The cost-cutting achieved to date helped to ensure strong momentum for both those technologies in 2014. Overall investment in solar was up 29% to $149.6 billion, while that in wind advanced 11% to a record $99.5 billion.
The biggest locations for renewable energy investment last year were, predictably, the established markets in major economies – with China far out in front at $83.3 billion, a record number and 39% ahead of 2013. In second place came the US, at $38.3 billion, up 7% on the year but still well below its all-time high, reached in 2011. Third came Japan, at $35.7 billion, a tenth higher than in 2013 and its biggest total ever. India was up 14% at $7.4 billion, and Brazil 93% higher, at $7.6 billion.