Allianz Climate and Energy Monitor 2017
Summary
The 2017 Allianz Climate and Energy Monitor finds that while emerging markets like China and India are seeing a boom in renewable energy installations driven by falling costs, OECD countries—specifically Germany, the UK, and France—remain the most attractive investment destinations due to stable policy frameworks. The report highlights a significant investment gap, stating that G20 countries must roughly double annual investments to meet Paris Agreement goals, with absolute needs reaching USD 709 billion per year (2012 prices) between 2014 and 2035. It notes a global shift from feed-in tariffs to auction-based support systems and warns that governments must now transition from focusing on generation to holistic power system design to integrate variable renewables and avoid curtailment.
Key insights
- OECD nations, particularly Germany, the UK, and France, are the most attractive for low-carbon investments because they combine market maturity with stable, supportive policy environments and positive macroeconomic factors.
- China is a leading performer in renewable energy uptake, installing more solar photovoltaic (PV) in 2016 than all other G20 nations combined, while also beginning to adjust its market design to reduce the curtailment of variable renewables.
- To align power infrastructure with the Paris Agreement's 2°C pathway, G20 countries need to approximately double their annual investments, totaling USD 709 billion per year (in 2012 values) from 2014 to 2035.
- India, South Africa, and Indonesia are identified as 'high-need hotspots' for investment due to their large size, increasing energy demand, and the vulnerability of their current electricity systems to climate change.
- There is a widespread transition in G20 countries away from fixed feed-in tariffs toward auctioning or tendering for renewable energy projects, with over half of the G20 adopting this approach by 2016.
- In the United States, falling technology costs and favorable general investment conditions have driven renewable growth—with wind and solar providing 60% of new power installations in 2016—despite a federal policy environment that has become increasingly unsupportive and the decision to exit the Paris Agreement.
Cite the original document
- APA
- NewClimate Institute (2017). Allianz Climate and Energy Monitor 2017. http://www.newclimate.org/resources/publications/allianz-climate-and-energy-monitor-2017
- Chicago
- NewClimate Institute. Allianz Climate and Energy Monitor 2017. 2017. http://www.newclimate.org/resources/publications/allianz-climate-and-energy-monitor-2017.
- Wikipedia
- {{cite report |author=NewClimate Institute |title=Allianz Climate and Energy Monitor 2017 |date=29 June 2017 |url=http://www.newclimate.org/resources/publications/allianz-climate-and-energy-monitor-2017 |access-date=17 August 2026 |via=Climate Insights Directory}}
- BibTeX
- @techreport{newclimateinstitute2017allianz, author = {{NewClimate Institute}}, title = {{Allianz Climate and Energy Monitor 2017}}, institution = {NewClimate Institute}, year = {2017}, month = jun, url = {http://www.newclimate.org/resources/publications/allianz-climate-and-energy-monitor-2017}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }
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