section_path: Market and industry trends/Growth of renewables
section_name: Growth of renewables
paragraph_text: Growth of renewables
  
  The results of a recent review of the literature concluded that as greenhouse gas (GHG) emitters begin to be held liable for damages resulting from GHG emissions resulting in climate change, a high value for liability mitigation would provide powerful incentives for deployment of renewable energy technologies.
  
  In the decade of 2010–2019, worldwide investment in renewable energy capacity excluding large hydropower amounted to US$2.7 trillion, of which the top countries China contributed US$818 billion, the United States contributed US$392.3 billion, Japan contributed US$210.9 billion, Germany contributed US$183.4 billion, and the United Kingdom contributed US$126.5 billion. This was an increase of over three and possibly four times the equivalent amount invested in the decade of 2000–2009 (no data is available for 2000–2003).
  
  As of 2022, an estimated 28% of the world's electricity was generated by renewables. This is up from 19% in 1990.