Bloomberg New Energy Finance (BNEF) reported last week that over a
trillion dollars has been invested in renewable energy, energy efficiency and
smart energy technologies since 2004.
Interestingly enough, the one trillionth dollar was recorded as the two-week long gathering of 15,000 world leaders stalled in their attempts to negotiate an international climate change agreement in Durban, South Africa.
According to Bloomberg the investments made, any of which might have accounted for the trillionth dollar, supported projects like: the 77MW expansion of a biomass co-generation plant in Brazil; a 48MW wind farm in Fujian province of China; the 396MW La Ventosa wind farm in Mexico; and the development phase of a 125MW solar thermal project in Morocco.
According to BNEF, annual clean energy investment rose nearly five-fold in seven years. Last year’s $243 billion investment level is right about halfway to the yearly investment levels required to slow climate change.
Interestingly enough, the one trillionth dollar was recorded as the two-week long gathering of 15,000 world leaders stalled in their attempts to negotiate an international climate change agreement in Durban, South Africa.
According to Bloomberg the investments made, any of which might have accounted for the trillionth dollar, supported projects like: the 77MW expansion of a biomass co-generation plant in Brazil; a 48MW wind farm in Fujian province of China; the 396MW La Ventosa wind farm in Mexico; and the development phase of a 125MW solar thermal project in Morocco.
According to BNEF, annual clean energy investment rose nearly five-fold in seven years. Last year’s $243 billion investment level is right about halfway to the yearly investment levels required to slow climate change.
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