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Total new investment in clean energy increased 5% to $260bn in 2011, despite the sluggish global economy and a painful squeeze on manufacturers
London and New York, 12 January 2012 – Global investment in clean energy reached a new record of $260bn in 2011, up 5% on 2010 and almost five times the total of $53.6bn in 2004. Investment in solar far outstripped that in wind, and perhaps of most note, US clean energy investment moved back ahead of China for the first time since 2008, according to the latest authoritative data from analysis company Bloomberg New Energy Finance. Last year also saw the one trillionth dollar invested in clean energy globally since the company started compiling data in 2004.
Solar surge drives record clean energy investment in 2011
Seeded on Wed Jan 18, 2012 9:19 AM EST
Article Source: bnef.com- Enjoy this article? Help vote it up the 'Vine.
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2011 highlights include a 36% surge in total investment in solar technology, to $136.6bn. This was nearly double the $74.9bn investment in wind power, which was down 17% on the previous year. This is not the first time that Bloomberg New Energy Finance has shown total investment in solar out-pacing that in wind (on today’s revised figures for prior years, solar exceeded wind in 2004 and again in 2010), but this is the first time there has been such a huge gap.
Michael Liebreich, chief executive of Bloomberg New Energy Finance, said: “The performance of solar is even more remarkable when you consider that the price of photovoltaic modules fell by close to 50% during 2011, and now stands 75% lower than three years ago, in mid-2008. The cost of PV technology has fallen, but the volume of PV sold has increased by a much greater factor as it approached competitiveness with other sources of power.”
- 1 vote
#1 - Wed Jan 18, 2012 9:20 AM ESTIf we could get people gainfully employed again, I think you would see the numbers for the US jump 50%. Too many people are insecure about their income to risk the investment right now. But as the economy recovers and fuel prices increase with demand from a growing global economy, renewables will reach parity faster and a boom in the sector will follow. As will a boom in electric vehicles. Of course this will result in a decrease in demand for fossil fuels and a drop in their prices for those uses that require them. Overall it will result in more stable energy prices and, therefore, a more stable economy.
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#2 - Wed Jan 18, 2012 3:50 PM ESTThe oil companies have been fighting tooth and nail.. and shows how desperate they are..
I was watching the House yesterday evening.. with this one rep.. saying how the U.S. will have lose out on oil if the Pipeline fails.. along with jobs.. That pipeline from what I can find out will not be delivering oil to the U.S. it is being shipped out of country.
Just another example of the pressure they are putting on this country.
I agree.. not too many people will separate themselves from any extra money until the economy can prove to them that it is on the upswing.. it is but not at a rate that would make a person comfortable.
- 1 vote
I agree.. not too many people will separate themselves from any extra money until the economy can prove to them that it is on the upswing.. it is but not at a rate that would make a person comfortable.
I have an idea for a not for profit charity like "Habitat for Humanity" that I call "Energy for Humanity". The idea is to install a combination of ground assist heat pumps, solar, and wind power on homes that qualify for LIHEAP (low income home energy assistance program). The goal is to make these homes energy independent on an annual basis. The side benefit is to show the middle class and upper class communities the feasibility of the technology so they will invest in their own homes.
- 1 vote
Very good idea.. so are you planning on sinking a few million into this project ? lol
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It is my dream for winning the lottery. lol. Invest a couple million and use the rest as seed money for starting the charity. Maybe I should contact Carter and Clinton to see if I can get backing form them.
- 1 vote
Draw up your detail plains - Copyright - and see.. Clinton & Carter .. might also have some ideas considering where their interests have been..
As for the lottery.. lol.. You are a friend on here.. I'd do the same for you.. (smirk) lol..
- 1 vote
What's your background? It takes a number of skill sets to work an endeavor like this.
- 1 vote
Right now my background is supported by 2 pillows as I sit in a chair...
- 2 votes
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