Sunday, January 23, 2011

Investment in Clean Energy Grew Substantially in 2010

According to Bloomberg New Energy Finance the world invested more than ever before in clean energy. From China to Germany to the United States of America; the world is ever increasing its effort to transition into clean energy. In 2009, the total investment in clean energy was 186.5 billion dollars. This figure (2009) is more than triple the amount of 2004 (51.7 billion). Well if you think that's impressive, in 2010, the world investment increased to $243 billion! Along with the article, the author provides his audience with an image which displays the 'VC-PE Clean Energy Investment by Sector for 2010.' The image exhibits that solar and wind power were the most heavily invested in.

I don't see how anyone could possibly fine anything wrong with this article or the results which Bloomberg New Energy Finance posted. I'm ecstatic that not only America is taking the transition into clean energy seriously. Many European countries and China are pushing for clean energy was well. What seems to be an incredibly well year for China only seems to get better because Bloomberg reports that China spent the most out of any other country on clean energy - roughly 51.1 billion dollars. Aside from a few corporations and programs losing funds, I find that 2010 was a good year for clean energy. I hope that we keep exponentially increasing the amount of money we spend on energy every year. In terms of ethics, I imagine some people see it as our moral responsibility to Earth to invest in clean energy. In a way, it's our way of returning an invaluable favor which Earth is doing for us. That is to say our existence is nearly impossible to be without Earth, thus it's our obligation to repay the favor, so to speak.
Thank you for reading and please leave a comment.

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Elvis Amaya

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2 comments:

  1. WhitneyJanuary 27, 2011 at 2:59 AM

    It is refreshing to know that not only the US is investing in clean energy resources. It's also quite surprising that China is the leading source of renewable energy. I take that as a great sign that the world is becoming greener and healthier. With this continued growth hopefully we will soon see an improvement with the global warming situation.

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  2. AlexFebruary 15, 2011 at 3:07 AM

    Clean energy is a very important topic in the energy industry and is something that should be watched closely. This is also a topic that should not only be considered in your team's paper but also considered when making overall investment recommendations. Keep up the good insightful and relevant work!

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