There was a 30 per cent increase in global clean energy investment during 2010 – as the total reached a whopping $243billion.
According to Pew Charitable Trusts, China, Germany, Italy and India were among the leading nations that attracted private investments with China solidifying its position as the world’s clean energy powerhouse. It racked up a record $54.4billion in investments during 2010 – a 39 per cent increase on the previous year.
Meanwhile, Germany was second after a 100 per cent increase saw its investment reach $41.2billion; while the United States was third at $34billion.
Amazingly, it was the UK that suffered the largest decline – falling from fifth to thirteenth mainly due to uncertainty over clean energy policies.
Wind power continues to be the most attractive clean energy source for investors at $95billion; with the solar sector also enjoying significant growth in 2010. Its investments reached $79billion – an increase of 53 per cent. Germany alone accounted for 45 per cent of global solar investments.
Regionally, Europe is still the leading recipient with $94.4billion of investment; while the Asia/Oceania region, led by China, attracted $82.8billion; and the Americas saw investment grow 35 per cent but still remain a distant third at $65.8billion.
