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August 25th, 2011
Global Investments in Green Energy Up Nearly a Third to US$211 billion

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Wind farms in China and small-scale solar panels on rooftops in Europe were largely responsible for last year’s 32% rise in green energy investments worldwide, according to the latest annual report on renewable energy investment trends issued by the UN Environment Programme (UNEP).

Last year, investors pumped a record US$211 billion into renewables — about one-third more than the USid=”mce_marker”60 billion invested in 2009, and a 540% rise since 2004.

For the first time, developing economies overtook developed ones in terms of “financial new investment”–spending on utility-scale renewable energy projects and provision of equity capital for renewable energy companies.

On this measure, US$72 billion was invested in developing countries vs. US$70 billion in developed economies, which contrasts with 2004, when financial new investments in developing countries were about one quarter of those in developed countries. 
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