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Cleantech Investing Rose 30% in 2010: WEF

05 Apr

Global investment in the clean energy industry defied expectations to reach a total of $243 billion in 2010 and rose 30% from 2009 levels, says a new report from the World Economic Forum (WEF).

The WEF report, Green Investing 2011: Reducing the Cost of Financing, found $194 billion in committed stimulus funding for the clean energy sector by governments around the world.

It is estimated that $500 billion in annual clean energy investment will be required to limit global temperature increase to 2 degrees centigrade; the level recommended by scientists to avoid the worst consequences of unchecked global warming.

The WEF report also noted that falling component costs have helped make renewables like solar and wind competitive with conventional fossil fuel energy in many parts of the world, without government subsidies – a very positive sign for the industry.  Read more…

Browse the WEF Green Investing 2011 report here

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