GLOBAL INVESTMENT IN GREEN ENERGY

A recent report titled Global Trends in Renewable Energy Investment 2011, states that a record 211 billion dollars were invested in renewable energy in 2010. For the first time, developing countries spent more than the world’s richest economies. This includes China’s investment equaling 28% or 48.9 billion. Additionally, 119 countries have policies or planned programs concerning renewable energies, with half of that number designated as developing nations. The report breakdown of investment dollars for different areas of renewable energies are as follows: Wind power investment proved to constitute the largest portion with 94.7 billion. Solar power came in second at 26.1 billion, with biomass and waste-to-energy investment presenting the lowest on the investment ladder at 11 billion. These are significant numbers with investment numbers in all three are expected to rise in 2011 even with the reduction of government subsidies as the private sector continues to invest in renewables.

0
Your rating: None

Author Information

Holly
Holly's picture
Offline
Last seen: 5 years 38 weeks ago
Joined: 08/15/2011