Investment in renewable energy surged again in 2011, according to two new reports issued by United Nations Environment Programme (UNEP) and the Renewable Energy Policy Network for the 21st Century (REN21).
With the solar photovoltaic (PV) industry in a downturn on the heels of the worst recession in U.S. history, and the price of PV module parts plummeting, it’s good to read some positive news for a change.
The newest report from the United Nations Environment Program (UNEP), in cooperation with Bloomberg New Energy Finance, a clean tech analytics firm, shows that the combined impetus of stimulus funding, feed-in tariffs (FiTs) and renewable portfolio standards (RPS) generated a record $211 billion globally in 2010 in renewable energy investment.
The world’s major stock markets and clean energy indices were mostly down this week as Americans headed into the Memorial Day long weekend. The only exception was the EnergyBoom Biofuel Subindex (E•B Biofuel) which increased 1% for the week.