Thursday, June 4, 2009
Green energy overtakes fossil fuel investment, says UN
Green energy overtook fossil fuels in attracting investment for power generation for the first time last year, according to figures released today by the United Nations.
Wind, solar and other clean technologies attracted $140bn (£85bn) compared with $110bn for gas and coal for electrical power generation, with more than a third of the green cash destined for Britain and the rest of Europe.
The biggest growth for renewable investment came from China, India and other developing countries, which are fast catching up on the West in switching out of fossil fuels to improve energy security and tackle climate change.
Read more from the source...