BRUSELLS: €172 billion was invested in green energy last year, a 30 percent increase over 2009, according to a report by Pew Charitable Trusts.
The report, entitled ‘Who’s Winning the Clean Energy Race?’ examined clean energy finance in G-20 nations, including the European Union, France, Germany, Italy and the United Kingdom.
Collectively, the European region gained the lion’s share of clean energy finance, attracting a total of €66 billion.
China, Germany, Italy and India were among the nations that most successfully attracted private investments.
“China continued to solidify its position as the world’s clean energy powerhouse, gaining €38.5 billion in investments in 2010, a 39 percent increase from 2009,” the report said.
Germany was second last year among the world’s leading economies after experiencing a 100 percent increase in investment to €29 billion. The United States scored third place with €24 billion in investments.
The report found that wind power was the preferred technology for investments, bringing in €67 billion, rising by 34 percent in 2010.
Source: Pew Charitable Trusts
