Friday, August 27, 2010

Green energy market 'resilient' to downturn in 2009, according to U.N.


Renewable energy investment still strong despite global recession, says U.N.
Over half of all new electricity capacity created in 2009 came from renewable sources
Wind power received record investment, with China performing strongly


The creation of new power capacity from renewable energy has exceeded new fossil fuel power generation in the United States and Europe for the second year running, according to two United Nations reports published Thursday.

Renewables accounted for over 50 percent of new capacity in the U.S. in 2009 while in Europe the figure was 60 percent, leading the U.N. to predict that the world as a whole will add more capacity to the electricity supply from renewables than non-renewables this year or by 2011.

See full Article.