Today, you’ll see some headlines touting last year’s record investment in renewables. A new report from the Frankfurt School–UNEP Centre and Bloomberg New Energy Finance shows investment in clean energy grew to $286 billion globally in 2015 — a new world record! — up 5 percent from the previous year. Here’s what the global trend in renewable investment looks like since 2004:

Global new investment in renewable energy by asset class, 2004–2015, $bn
Global new investment in renewable energy by asset class, 2004–2015, $bnUNEP, Bloomberg New Energy Finance

As a whole, investment in renewable capacity was more than twice that invested in coal- and gas-fired projects last year, and new clean generating capacity added was greater than all other kinds of new generating capacity combined. Note that coal and gas only make up about a third of the pie chart below:

New power generating capacity added in 2015 by main technology, gigawatts.
New power generating capacity added in 2015 by main technology, gigawattsBloomberg New Energy Finance

But it would kind of be bonkers if that weren’t the case.

Investment in new renewable generating capacity has had a rocky history, but it has more or less been rising everywhere except Europe for the past decade. (Europe has notably seen a decline in investment since about 2011.)