Clean Energy Investments
2010 was a record year for green energy investments. According to a report from Bloomberg New Energy Finance, nearly US $243 billion was invested in wind farms, solar power, electric cars, and other alternative technologies worldwide, representing a 30 percent increase from 2009 and nearly five times the money invested in 2004. China had $51.1 billion investment in clean energy projects in 2010, by far the largest figure for any country.
Within the emerging economies, Brazil comes second to China in terms of clean energy investments. Supported by strong energy policies, Brazil has one of the world’s highest biomass and small-hydro power capacities and is poised for significant growth in wind energy investment. The cumulative investment potential in Brazil from 2010 to 2020 is projected as $67 billion.
India is another rising clean energy leader. While India ranked the 10th in private clean energy investments among G-20 members in 2009, over the next 10 years it is expected to rise to the third position, with annual clean energy investment under current policies forecast to grow by 369 percent between 2010 and 2020.
It is clear that the center of growth has started to shift to the developing economies and they may lead the world in the new wave of clean energy investments.
Read more about this topic: Sustainable Energy
Famous quotes containing the words clean, energy and/or investments:
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—Langston Hughes (1902–1967)
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—Mason Cooley (b. 1927)