08 Jul '11, 4pm

Renewable energy investments surged 32 percent globally in 2010

08 Jul 2011: Global Renewables Investments Surged 32 Percent in 2010, Report Says More than $211 billion was invested in renewable energy technology worldwide in 2010, a 32-percent increase from 2009 , according to a new UN report. And for the first time, developing nations outpaced wealthy economies in renewables investment, with China accounting for about one-fifth of total investment, at about $48.9 billion — a 28-percent increase from 2009. In developing countries, about $72 billion was invested in utility-scale renewable energy projects and provision of equity capital for renewable energy companies, compared with $70 billion by developed economies. In 2004, by comparison, total renewables investments by developing countries was one-quarter of those in developed countries. Other factors contributing to global growth last year includes an infusion of economic stimulus d...

Full article: http://e360.yale.edu/digest/global_renewables_investments...

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