Global investment in renewable energy jumped 32% in 2010, to a record $211 billion.
15.07.2011
Global investment in renewable energy jumped 32% in 2010, to a record $211 billion. In addition to this eye-catching record, the investment activity in developing countries increased strongly. It is the first time the developing world has overtaken the richer countries in terms of financial new investment.
Wind farms in China and small-scale solar panels on rooftops in Europe were largely responsible for last year's 32% rise in green energy investments worldwide according to the latest annual report on renewable energy investment trends issued by the UN Environment Programme (UNEP).Last year, investors pumped a record US$211 billion into renewables - about one-third more than the US$160 billion invested in 2009, and a 540% rise since 2004.
For the first time, developing economies overtook developed ones in terms of "financial new investment"-spending on utility-scale renewable energy projects and provision of equity capital for renewable energy companies.
On this measure, US$72 billion was invested in developing countries vs. US$70 billion in developed economies, which contrasts with 2004, when financial new investments in developing countries were about one quarter of those in developed countries.
The report, Global Trends in Renewable Energy Investment 2011, has been prepared for UNEP by London-based Bloomberg New Energy Finance.
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