Global investors spent about $250 billion building new power capacity in 2008, and for the first time the lion’s share of that money went to renewable sources, according to the United Nations Environment Program. Renewable sources accounted for 56 percent of investment dollars, worth $140 billion, while investment in fossil fuel technologies was $110 billion, the U.N. program said in a report, Global Trends in Sustainable Energy Investment 2009, released on Wednesday and produced in collaboration with New Energy Finance, a research company based in London. Large hydropower projects, wind, solar and geothermal were among renewable sources covered by the report. Fossil fuels included projects like building new coal plants in China. Even so, the long life of power plants meant it would be “some time” before renewable energy dominated the generation mix...NYTimes
Thursday, June 04, 2009
Clean Energy Funding Trumps Fossil Fuels
Global investors spent about $250 billion building new power capacity in 2008, and for the first time the lion’s share of that money went to renewable sources, according to the United Nations Environment Program. Renewable sources accounted for 56 percent of investment dollars, worth $140 billion, while investment in fossil fuel technologies was $110 billion, the U.N. program said in a report, Global Trends in Sustainable Energy Investment 2009, released on Wednesday and produced in collaboration with New Energy Finance, a research company based in London. Large hydropower projects, wind, solar and geothermal were among renewable sources covered by the report. Fossil fuels included projects like building new coal plants in China. Even so, the long life of power plants meant it would be “some time” before renewable energy dominated the generation mix...NYTimes
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment