Sobering Report: Global Investment In Clean Energy Is Down
It's expected to reach no more than $115 billion this year, according to New Energy Finance, which released third quarter figures earlier this month -- that's down from $155 billion last year and $148 billion in 2007 (although 2009 should still be better than 2006). Furthermore, although the group's analysts expect clean energy investments to triple by 2020 to more than $300 billion a year, that's only 60 percent of what they figure is needed to prevent global temperatures from rising by more than 2 degrees Centigrade. Several scientists fear coastal flooding and other catastrophic climate change may happen if the world gets hotter than that.
13 October 2009•2 mins read
