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Investments in Renewable Energy to Double by 2020, Reaching $395 Billion Per Year, Says Bloomberg New Energy Finance

Seeded on Wed Nov 16, 2011 1:54 PM EST
Read ArticleArticle Source: Think Progress
technology, investment, renewable-energy, double-2020
Seeded by Par4TheCourse
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The good news: renewable energy investments are projected to double over the next eight years and reach $395 billion per year, according to Bloomberg New Energy Finance. That’s up from $195 billion in 2010.

Stephen Lacey

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  • Public Discussion (8)
Par4TheCourse

Guy Turner, director of commodity market research at Bloomberg New Energy Finance, said: “These results indicate that last year’s record renewable energy investment was no one-off despite the recent economic gloom. Big winners over the next 20 years will be the emerging renewable energy hubs in Latin America, Asia, the Middle East and Africa.”

  • 2 votes
Reply#1 - Wed Nov 16, 2011 1:55 PM EST
Stephen-one shot-one kill

The good news: renewable energy investments are projected to double over the next eight years and reach $395 billion per year

Not if the Republicans or their Oil Barron masters have something to do with it.

  • 2 votes
Reply#2 - Wed Nov 16, 2011 2:11 PM EST
Jay Butler

The article is talking about investment not government subsidy or loan guarantees (like Solyndra). So, if the private sector believes in the potential, it will invest in the companies regardless of what the Democrats, the Republicans, or "oil barron masters" do.

  • 1 vote
#2.1 - Wed Nov 16, 2011 4:52 PM EST
Stephen-one shot-one kill

Who invests in renewable energy? The private owned utility companies. Renewable and alternative energies will take people off the grid and reduce utility profit. Then their is the coal industry as well as Natural Gas to compete for profits. All of which the Republicans cater to.

  • 2 votes
#2.2 - Wed Nov 16, 2011 5:23 PM EST
Jay Butler

Who does? Many of these companies are publicly traded, so you could. Here is a list that includes their symbols and the exchange that lists each one. You don't need to be a millionaire to become an investor in renewable energy. Many of them have stock prices of $10 or less, so you could by a block of 100 shares for less than $1,000.

But, don't let that get in the way of your anti-Republican rant...

  • 1 vote
#2.3 - Thu Nov 17, 2011 12:03 AM EST
Mike in Ga-

This whole debate has nothing to do with protecting the environment, or reducing our dependency on foreign oil. It's only purpose is to dominate the market share in the technology of it. C-span3 is airing the Solyndra hearing right now. I urge everyone to tune in and hear it for themselves. Chu has used the term "Market Industry", numerous times in defense of making the loan, and nothing to the effect of environmental benefits, in deciding to go through with the loan. This whole Green Energy, Global Warming, fairytale is about creating the next bubble, and like all other bubbles will eventually burst too.

  • 1 vote
#2.4 - Thu Nov 17, 2011 12:18 PM EST
Reply
madvargr

And we'll still have a quarter of the alternative energy that China will have...

  • 2 votes
Reply#3 - Thu Nov 17, 2011 12:20 AM EST
Jay Butler

For a country with four times as many people, that's about the correct ratio.

  • 1 vote
#3.1 - Thu Nov 17, 2011 12:35 AM EST
Reply
kyaswDeleted
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