GLOBAL NEW ENERGY TO $244 BIL IN 2012

Renewable Energy: World Invests $244 billion in 2012, Geographic Shift to Developing Countries

June 2013 (Renewable Energy Policy Network for the 21st Century)

“…19% of global final energy consumption in 2011 (the latest year for which data are available), with a little less than half from traditional biomass. For only the second time since 2006, global investments in renewable energy in 2012 failed to top the year before, falling 12% mainly due to dramatically lower solar prices and weakened US and EU markets, says the Frankfurt School – UNEP/BNEF report, Global Trends in Renewable Energy Investment 2013. However, with $244 billion (including small hydro-electric projects) 2012 was the second highest year ever for renewable energy investments. There was a continuing upward trend in developing countries, with investments in the South topping $112 billion versus $132 billon in developed countries—a dramatic change from 2007, when developed economies invested 2.5 times more in renewables (excluding large hydro) than developing countries. The gap has now closed to just 18%...” click here for more

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