03 Dec 2009:
Renewable Energy Investments
Will Soar to $200 Billion Worldwide in 2010
Global investments in alternative energy projects will rise nearly 50 percent in 2010, climbing from $130 billion this year to $200 billion next year
. In a survey of the green energy market, Bloomberg News
reports that despite the dim prospects of forging a climate treaty in Copenhagen this month, companies and governments are moving rapidly ahead to build wind power farms, large solar arrays, and other green energy projects. Thanks in large part to state-funded economic stimulus programs, government spending on green energy will more than double in 2010 to about $60 billion, according to the report. Analysts said that with China, the European Union (EU), and individual U.S. states aggressively adopting regulations and incentives promoting green energy, the field will continue to rapidly develop even if a global climate treaty is not signed. “Country by country, state by state, regulations will continue to spur demand independent of what might happen in Copenhagen,” said one U.S. clean technology analyst. Major renewable energy projects are now underway across the globe, Bloomberg
reported, including a $900 million offshore wind farm being built by CLP, Hong Kong’s biggest electricity supplier.
Yale Environment 360 is
a publication of the
Yale School of Forestry
& Environmental Studies
e360 on Facebook
Donate to e360
View mobile site
Subscribe to our newsletter
Subscribe to our feed:
Yale Environment 360
articles are now available in Spanish and Portuguese on Universia
, the online educational network. Visit the site.
Business & Innovation
Policy & Politics
Pollution & Health
Science & Technology
Antarctica and the Arctic
Central & South America
Photographer Peter Essick documents the swift changes wrought by global warming in Antarctica, Greenland, and other far-flung places. View the gallery.
is now available for mobile devices at e360.yale.edu/mobile
The Warriors of Qiugang
, a Yale Environment 360
video that chronicles the story of a Chinese village’s fight against a polluting chemical plant, was nominated for a 2011 Academy Award for Best Documentary (Short Subject).
Watch the video.
Top Image: aerial view of Iceland
. © Google & TerraMetrics.
In a Yale Environment 360
video, photographer Pete McBride documents how increasing water demands have transformed the Colorado River, the lifeblood of the arid Southwest. Watch the video.