30 Nov '11, 4pm

Tipping point? #Investment in #renewable #energy tops #fossilfuels 4 1st time: #windworks #windpower

Tipping point? Investment in renewable energy tops fossil fuels for first time Posted: 2011-11-30 Tom Gray Global investment in power plants fueled by renewable energy sources topped investment in fossil fuels for the first time in 2010, according to a new report from Bloomberg New Energy Finance (BNEF) . The report placed investment in renewables at $187 billion for the year, compared with $157 billion for power plants fueled by coal, natural gas, and oil. An article from Bloomberg News quoted United Nations Environment Program Executive Secretary Achim Steiner as saying, “The progress of renewables has been nothing short of remarkable ... You have record investment in the midst of an economic and financial crisis.” Additional highlights from the article: - Growing demand for wind and solar equipment has led to a surge in production and overcapacity and falling prices - T...

Full article: http://www.awea.org/blog/index.cfm?customel_dataPageID_16...

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Oh yeah! Investment in #renewables trumps #fossil fuels first time ever. via @treehugger #energy

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