Cancel
Advanced Search
KEYWORDS
CATEGORY
AUTHOR
MONTH

Please click here to take a brief survey

Renewable Energy Investments Will Soar to $200 Billion Worldwide in 2010

Global investments in alternative energy projects will rise nearly 50 percent in 2010, climbing from $130 billion this year to $200 billion next year. In a survey of the green energy market, Bloomberg News reports that despite the dim prospects of forging a climate treaty in Copenhagen this month, companies and governments are moving rapidly ahead to build wind power farms, large solar arrays, and other green energy projects. Thanks in large part to state-funded economic stimulus programs, government spending on green energy will more than double in 2010 to about $60 billion, according to the report. Analysts said that with China, the European Union (EU), and individual U.S. states aggressively adopting regulations and incentives promoting green energy, the field will continue to rapidly develop even if a global climate treaty is not signed. “Country by country, state by state, regulations will continue to spur demand independent of what might happen in Copenhagen,” said one U.S. clean technology analyst. Major renewable energy projects are now underway across the globe, Bloomberg reported, including a $900 million offshore wind farm being built by CLP, Hong Kong’s biggest electricity supplier.

This piece originally appeared on Yale e360

Bookmark and Share


Comments

The investment should possible be more than this.

"I am here to serve."
The Window Man


Posted by: The Window Man on 17 Dec 09

Post A Comment

Please note that comments will remain open for only 14 days after the article is posted. While previous comments will remain visible, attempts to post new comments after this period will fail. This helps stop comment spam, so your forebearance is appreciated.

The Worldchanging comments are meant to be used for further exploration and evaluation of the ideas covered in our posts. Please note that, while constructive disagreement is fine, insults and abuse are not, and will result in the comment being deleted and a likely ban from commenting. We will also delete at will and without warning comments we believe are designed to disrupt a conversation rather than contribute to it. In short, we'll kill troll posts.

Finally, please note that comments which simply repost copyrighted works or commercial messages will be summarily deleted.

REMEMBER PERSONAL INFO?
Yes No

NAME


EMAIL ADDRESS


URL


COMMENTS



EMAIL THIS ENTRY TO:

YOUR EMAIL ADDRESS:


MESSAGE (optional):


Search Worldchanging

Worldchanging Newsletter Get good news for a change —
Click here to sign up!


Worldchanging2.0


Website Design by Eben Design | Logo Design by Egg Hosting | Hosted by Amazon AWS | Problems with the site? Send email to tech /at/ worldchanging.com
©2012
Architecture for Humanity - all rights reserved except where otherwise indicated.

Find_us_on_facebook_badge.gif twitter-logo.jpg