08 Dec '11, 6am

Trillionth Dollar Invested in Clean Energy & Tech, Surpassing that for Fossil Fuel Power

Trillionth Dollar Invested in Clean Energy & Tech, Surpassing that for Fossil Fuel Power

Wind, solar, wave and biomass energy attracted $187 billion of investment capital in 2010 compared to $157 billion for natural gas, oil and coal, according to Bloomberg New Energy Finance’s latest data and calculations. A faster pace of wind and solar power installations, along with oversupply in various wind and solar power plant inputs, is driving installed costs lower, making these clean, renewable alternatives more competitive with coal using conventional cost and return on investment measures and methods, even given their increasingly glaring inadequacies.

Full article: http://cleantechnica.com/2011/12/08/trillionth-dollar-inv...

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