Global investment in renewable energy shot up last year, far outstripping investment in fossil fuels, according to a UN report. As the price of clean energy technology plummets, it has become an increasingly attractive prospect for world governments. China was by far the world’s largest investor in renewable energy in 2017, accounting for nearly half of the new infrastructure commissioned. This was mainly a result of its massive support for solar power, which globally attracted nearly a fifth more investment than in the previous year. Other countries including Australia, Sweden and Mexico more than doubled the amount of money they pumped into clean energy projects. READ MORE Renewable energy ‘set to be cheaper than fossil fuels by 2020’“Yet again, this was a record year for new renewable power capacity being financed,” Francoise d’Estais from UN Environment’s energy and climate branch told The Independent. The world is now spending more on renewable energy than coal, gas and nuclear power combined Renewables will continue to dominate in electrical production. And the grid scale batteries will accelerate this dominance.