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Investment grows worldwide in Renewable Energy and Efficiency

Policies that favor the development of a green economy and businesses in the fields of renewable energy and energy efficiency also increased: more than 100 countries enacted some type of policy target and/or promotion policy related to renewable energy by early 2010…...

Global Clean Energy Report: China Surpassed U.S. as Top Sector Investor in 2009, GreenTech by Lora Kolodny on Jul 15, 2010The United Nations Environment Program and the Renewable Energy Policy Network for the 21st Century today reveal in a pair of new reports that despite an overall financial downturn in 2009, global investments in sustainable energy increased worldwide. Core clean energy investments from private and public sources totaled $162 billion.

Policies that favor the development of a green economy and businesses in the fields of renewable energy and energy efficiency also increased: more than 100 countries enacted some type of policy target and/or promotion policy related to renewable energy by early 2010.

Thirty eight developing nations had policy targets, and 41 developing nations had a policy of promoting renewable energy. Some segments declined, while others shined of course. Highlights from the clean energy 2009 reports follow below.

Shined: China
Declined: United States

China surpassed the United States for the first time as the country with the greatest investment in clean energy.

Shined: U.S. growth in renewable energy
Declined: U.S. growth in traditional energy

Domestic power capacity increased through clean energy sources more than non-renewable sources like coal, gas and nuclear in 2009.

Shined: Rooftop solar photovoltaics
Declined: Large, utility-scale solar photovoltaics……………Around the world, venture capitalists and private equity investors spent $4 billion on energy-smart technologies like storage and efficiency. That’s more than they spent on any other clean energy sector in 2009.

Global Clean Energy Report: China Surpassed U.S. as Top Sector Investor in 2009

July 16, 2010 - Posted by Christina Macpherson | 2 WORLD, renewable | antinuclear, climate change, energy efficiency, renewable energy, renewables, solar