- The clean energy sector has remained surprisingly resilient despite the economic crisis, attracting nearly a quarter trillion dollars of new investment in 2010.
- Clean energy technologies are becoming more cost competitive due to sharp declines in equipment costs.
- Subsidies remain critical, but must be carefully crafted with taxpayers’ interests in mind to avoid overpaying for clean energy generation.
- The report examines which policies have proven most successful to date – not just in spurring deployment, but also in paying the appropriate price for new capacity.
The clean energy industry has remained remarkably resilient during the economic crisis, with US$ 243 billion in new capital invested in the sector in 2010 (a 30% increase on 2009), according to a report released today by the World Economic Forum in collaboration with research firm Bloomberg New Energy Finance. The report, Green Investing 2011: Reducing the Cost of Financing, explores recent investment trends and examines which national policies are proving most efficient in spurring clean energy deployment.
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