Renewable energy is gaining traction in the global market to the extent that the U.S. position on the Paris climate agreement doesn’t matter, Fitch Ratings said. The U.S. plan to withdraw from the multilateral Paris climate agreement doesn’t matter for the pace of growth for renewables globally, Fitch Ratings said. Fitch Ratings said in a report published late Thursday that power generation from renewable resources has nearly quadrupled in the last decade and expanded more than six times to 770 gigawatts at the end of last year. Germany has one of the greener economies in the world and European Union members bloc-wide could spend as much as $225 billion on climate measures over a six-year period, which started in 2014. European officials said the effort to advance a low-carbon economy had considerable economic support. A framework through 2020 calls for […]