Did you know that global investment in renewable energy in 2011 set a new record? Despite the “sluggish global economy,” renewable energy investment increased by 5% over 2010 figures, to $260 billion, as reported by Bloomberg New Energy Finance.
The Bloomberg report is full of detailed information on how the $260 billion was spent, but there was one item that stood out above the rest that we wanted to highlight:
In 2008, the US was by far the largest single country worldwide in terms of total investment in clean energy, but it was overtaken by China in 2009. China increased its lead in 2010. However in 2011, the US roared ahead once again, with total investment surging to $55.9bn, up 33%; China saw investment rise just 1% to $47.4bn.
Good news indeed. Read more about the report today.
