27 Nov '12, 11am
North-South #cleanenergy investment reaches just $8bn p.a. - 8% of 2020 target agreed to in 2009. Full BNEF analysis:
Bloomberg New Energy Finance white paper: 2011 investment in new clean power generation and biofuels capacity fell far short of the $100bn pledges made at Copenhagen, Cancún and Durban London and New York, 27 November, 2012 – As the world’s climate negotiators gather for the UNFCCC COP18 conference in Doha, a white paper published by Bloomberg New Energy Finance finds just $8bn flowed from developed to developing nations to foster deployment of large-scale clean energy power generation and biofuels production in 2011. This constitutes 8% of the $100 billion per annum total cross-border investment (CBI) promised by developed countries during the 2009 COP talks in Copenhagen by 2020. That commitment was reaffirmed at subsequent COP meetings at Cancún and Durban.The main conclusions of the white paper: of $280bn in new clean energy funds invested in 2011, asset finance for re...