06 Sep '11, 7pm

Private Firms Invested $400 Billion in Green Tech So Far in 2011

Private Firms Invested $400 Billion in Green Tech So Far in 2011

The sputtering economy hasn't stopped global investors from plugging $2.4 trillion into green technologies since 2007. That's a big jump -- up $400 billion from just seven months ago [PDF ], according to the latest update of the Green Transition Scorecard released today from Ethical Markets Media . By 2020, renewable energy, efficiency and green construction, clean tech, smart grid and corporate R&D are on track to receive as much as $10 trillion in cumulative investments. The report cites $1 trillion per year in investments as a good benchmark, since that level of steady commitment can "ramp up material and energy efficiencies, reduce costs of wind, solar, geothermal and other renewable energy, increase sustainable land-use and forestry, and support smart infrastructure, transport, building and urban re-design to solidify the Green Transition worldwide." But in order for ...

Full article: http://www.greenbiz.com/news/2011/09/06/private-firms-inv...

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