In his 2011 State of the Union Address, Barack Obama challenged Americans to “win the future” with innovation, including for clean energy technology. Clean energy investments rose to record levels in 2010. Global investment in low-carbon technology reached $243 billion in 2010, according to new research from Bloomberg New Energy Finance. The study covered investment in renewable energy, energy efficiency, smart-grid equipment, biofuels, and carbon capture and storage. Judging by the projections, world energy demand in light of demographic forecasts over the next 25 years will radically change the way in which we view our energy and fuel choices, with innovation and research forcing adaptation as jurisdictions seek security of supply, reliability of sources and competitive advantage for their economies.
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