07 Dec '11, 4pm

One Trillion Dollars Invested in Clean Energy In Past 7 Years

One Trillion Dollars Invested in Clean Energy In Past 7 Years

Scott Meis Photography /CC BY-SA 2.0 Bloomberg New Energy Finance has announced that the clean energy sector has passed a very notable waypoint. Since records began being kept in 2004, one trillion dollars have been invested. Why 2004? NEF says that this was the year in which oil began its rise from the $20/barrel range to the $100 range and when Germany began its world benchmark feed-in tariff program for renewables energy. Bloomberg chief executive Michael Liebreich says: The trillionth dollar milestone shows that the world is not waiting for a deal on climate in order to start turning the supertanker away from fossil fuels. It should serve as a message to the UN and all those in Durban to stop obsessing about a binding deal to cap carbon emissions, and to think much harder about how to speed up investment in the solutions. Another five years of investment growth at the ...

Full article: http://www.treehugger.com/renewable-energy/one-trillion-d...

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