SOURCE: 3BL Media, LLC
Bloomberg New Energy Finance is reporting that three hundred ten billion dollars was invested globally in green energy last year, a rise of sixteen percent over 2013. That amount almost matches the record total of three hundred seventeen billion, set in 2011. It should be noted that due to decreasing costs, the dollars invested in 2014 bought almost double the clean electricity capacity than in 2011.
Solar power, with its rapidly dropping costs, was the main driver, attracting over half the total funding for the first time. Solar investment rose by twenty-five percent in 2014, while wind power rose by eleven percent, to one-third of all investment. The nineteen point four billion invested in offshore wind projects was a record for that category. Energy efficiency and electric vehicle investment increased ten percent.
Measured by country, China was the leader, with clean energy investments rising thirty-two percent to ninety billion dollars. The U.S. was second, up eight percent to fifty-two billion, while Japan was up twelve percent to forty-one billion. Europe saw investment rise only one percent, but to a big number, sixty-six billion dollars. I’m John Howell for 3BL Media.
Video Source: Global Investment in Clean Energy Rises 16% in 2014
KEYWORDS: Energy, Green Business, CSR Minute, 3bl media llc, csr, Bloomberg New Energy Finance, China, Solar Energy, wind power