BNEF Brief: U.S. Renewable Investment Hits Record

In 2019, the US saw a significant increase in renewable energy investments, reaching a record $55.5 billion, driven by expiring tax credits. This surge was marked by numerous contracts in wind and solar energy sectors, surpassing previous investment highs by $10 billion. The video discusses the impact of policy changes and the strategic rush to finance projects before tax incentives diminished.

What was the percentage increase in renewable energy investments last year compared to 2018?

• 2%

• 1%

• 0.5%

• 1.5%

Which country fell behind in renewable energy investments last year?

• China

• Brazil

• Germany

• India

What was a major factor driving the US's record in renewable energy investments?

• Rising oil prices

• Expiring tax credits

• New technology breakthroughs

• Increased government subsidies

What types of projects saw a lot of activity due to the expiring tax credits?

• Biomass and tidal

• Nuclear and coal

• Wind and solar

• Hydroelectric and geothermal

How much did the US invest in renewable energy capacity, setting a new record?

• $45.5 billion

• $50.5 billion

• $60.5 billion

• $55.5 billion