Friday, July 8, 2011

Renewable Energy Investment Surges Again In 2010 Despite Low Gas Prices

The tough economic conditions of 2010 did not stop renewable energy investment jumping globally and in the USA, according to the United Nations. Nor did low gas prices in North America and some other parts of the world.

Renewable investment was up 32 per cent globally and up 56 per cent in America.

Renewable energy investment in America grew faster than in China where it grew 28 per cent, but total investment was greater in China. China invested $49.8 billion to $29.6 billion in America.

China, Germany, USA, Italy, Brazil, Canada, Spain, France, India, Czech Republic, in that order, were the top 10 nations for investment. Investment grew in 8 of them but fell in Brazil and Spain.

Solar investment led the surge by rising 91 per cent and reaching $60 billion, according to the UN report. In 2010 total global investment stood at $211 billion.

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