Global Trends in Renewable Energy Investment 2011

For the first time, developing economies overtook developed ones in terms of "financial new investment"--spending on utility-scale renewable energy projects and provision of equity capital for renewable energy companies. QuickTime™ and a decompressorare needed to see this picture. On this measure, $72 billion was invested in developing countries vs. $70 billion in developed economies, which contrasts with 2004, when financial new investments in developing countries were about one quarter of those in developed countries. The report, Global Trends in Renewable Energy Investment 2011, has been prepared for UNEP by London-based Bloomberg New Energy Finance.