The cost decrease in the renewable energy investments thanks to the technology, triggers the appetite of the investors. According to the report of Morgan Stanley, the cheapest energy will be produced from the renewable soon, in 2-3 years across the world.

THE RENEWABLE ENERGY, avoided for some times for its high cost, rises now to the top in energy investments thanks to the developments in the technology. Reports related to the growth, expectations and targets follow each other and all of them underline that the biggest investment will be made into this field over the world in the upcoming years. Indeed, the figures in recent years prove that these expectations are not vain. On the other hand, the recent report released by US investment company Morgan Stanley, will apparently increase further the appetite of those planning to invest in this field. According to the same report, the renewable energy will be the cheapest way to produce power across the world, except of a few countries in the Southeast Asia, by 2020 . “We anticipate that the renewable alternatives will emerge as the cheapest method in the production of the new energy by 2020. According to our predictions, the renewable economy rather than the government policies will be the main reason for changes in carbon emission levels at the public sector” Morgan Stanley analysts tell. Then they continue; “for example, although US decided to withdraw from the Paris Climate Change, we think that US will decrease the carbon emission levels by 26-28 per cent until 2020 compared to the year 2005 and thus, it will even outpace the standards set by the Paris Climate Change Agreement.” These anticipations have of course a basis. The authors of the report underline that they observed 50 per cent decline in prices of solar panels between 2016 and 2017. On the other hand, thanks to the progress achieved by the scientists in wind turbine, the wind energy got further momentum.

The forecasts of The International Renewable Energy Agency (IRENA) for the future too support the analysts of Morgan Stanley. According to the report released by IRENA, the investment cost per kw in solar energy which was one thousand 810 dollars in 2015, is anticipated to drop to 790 dollars in 2025. Concerning the wind energy, this figure is predicted to decrease from one thousand 560 dollars to one thousand 370 dollars.

THE GIANTS PROMISE 100 PER CENT RENEWABLE ENERGY

As the renewable energy investments grow, the world giants support this trend by declaring that they will use 100 per cent renewable energy for their power need. More than 100 international companies consuming power equal to the power need of Poland on annual basis, reported that they target to run completely on the power generated by the renewable energy within the framework of RE100. Burberry and Carlsberg Group among the other giant companies like Apple, Facebook, Google and Ikea, set the year 2022 for the production of 100 per cent renewable energy and AXA plans to shift to this trend by 2025.

As the investments to the renewable energy increase across the world, Turkey too takes the same path. By the end of 2016, 67.6 per cent of total power consumption in Turkey were supplied by the thermal power plants, 24.6 per cent by the hydroelectric power plants and 7.8 per cent by the renewable energy sources. The target is to obtain an established power of 10 thousand megawatts both in solar energy and wind energy.

The renewable energy created jobs for 9.8 Million persons

THE WORLD shifts to the renewable energy and the investments growing in this field enhance the employment as well. According to the Renewable Energy and Employment Annual Report 2017 released by the International Renewable Energy Agency, 9 million 800 thousand jobs were created last year with 1.1 per cent increase in the renewable energy across the world. In Turkey, more than 94 thousand jobs were created. The regional changes, the falling costs of the energy technology, the growing demand and the environmental sensitivity had an impact on the employment growth in clean energy. The main points about employment in the report are as follow: ¬ The employment in solar energy rose by 12 per cent on yearly basis. 3 million 100 thousand persons found jobs in this industry. ¬ In the renewable energy, the liquid biofuel industry took the second place with 1 million 724 thousand jobs and the big scale hydroelectric plants took the third rank with 1 million 500 jobs. ¬ In the renewable energy, China created the highest number of jobs. In the country, 3 million 643 thousand new job opportunities were offered in the clean energy last year. ¬ Brazil followed China with 876 thousand jobs and US with 777 thousand jobs. ¬ For the first time this year, the report covered also the figures related to the employment in renewable energy in Turkey. According to the report, the clean energy industry created jobs for 94 thousand 400 persons last year. ¬ The report states that 16 thousand 600 persons work in heating and cooling in solar energy which is one the main clean energy industries in Turkey and 12 thousand 700 persons work in photovoltaic. 53 thousand persons work in the wind energy.