Global clean energy finance and investment grew to $263 billion in 2011, a 6.5 percent increase over the previous year, accrording to new research released by the Pew Charitable Trusts in its report, Who’s Winning the Clean Energy Race? Among Group of Twenty (G-20) nations, the United States reclaimed the top spot from China, which led the global clean energy race since 2009. Germany, Italy, the United Kingdom, and India were also among the nations that most successfully attracted private investments last year.
Phyllis Cuttino, director of Pew’s Clean Energy Program, discussed the report’s finding with former Michigan Governor Jennifer M. Granholm on “The War Room.” Click here to watch the video.
“Clean energy investment, excluding research and development, has grown by 600 percent since 2004, on the basis of effective national policies that create market certainty,” said Cuttino. “This increase was due in part to the number of countries that have implemented effective national policies to support the clean energy market. In the United States, which attracted $48 billion last year, investors took advantage of the country’s stimulus programs before they expired at the end of 2011, as well as the production tax credit for electricity from renewable energy, which is to end this December.”
For Pew’s full report on clean energy investment visit: http://bit.ly/HCwwBl
For more on Phyllis Cuttino: http://bit.ly/spQNxO