12 Jun '12, 10pm

Worldwide Investment in Renewable Energy Hit $257 Billion in 2011—a Record High

Worldwide Investment in Renewable Energy Hit $257 Billion in 2011—a Record High

Mark Florence via Flickr /CC BY 2.0 Investment in renewable energy continued to boom last year, even as the global recession stubbornly soldiered on and hordes of naysayers harped on about silly solar panels and windmills. For the first time ever, the renewable sector attracted over a quarter trillion dollars—$257 billion flowed into various projects around the world. Here's the Guardian : Last year, investment in renewable energy reached $257bn (£165bn), a rise of 17% on the previous year. The record investment was a six-fold increase on the 2004 figure and nearly double the total in 2007 , the year before the world financial crisis, according to a report from the United Nations Environment Programme (UNEP) and the Renewable Energy Policy Network for the 21st Century. (REN21) Also included in the report was the fact that solar overtook wind as the hot investment prospect:...

Full article: http://www.treehugger.com/renewable-energy/worldwide-inve...

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