Friday, July 8, 2011

Investment Now Equal In Renewable And Fossil Power Plants

According to the report released by the United Nations Environment Program, global investment in renewable energy power plants was $211 billion in 2010 compared to $219 billion in gas, coal, oil power plants.

That is an amazing statistic and underlines the explosive growth in renewable energy around the world. The world will soon be investing more in renewable energy because solar investment is skyrocketing as costs of solar plummet.

Excluding hydro, renewable energy provides 5 per cent of the world's electricity.

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