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Global Investment in Renewable Energy Reaches $100 Billion

Global investment in renewable energy could reach US$750 billion within the next 10 years, according to the latest Ernst & Young Renewable Energy Country Attractiveness Index, which tracks and scores investment in renewable energy.

FM Magazine: Melbourne, Australia

More than $100 billion was invested in 2007 in new renewable energy capacity, manufacturing plants, and R&D - a true global milestone. Yet perceptions lag behind reality. The REN21 Renewables 2007 Global Status Report captures that reality. Lead author of the report Eric Martinot gives a selected overview.

Global status report: Keeping it clean

WASHINGTON, May 5 /PRNewswire/ -- High oil prices and an array of government incentives are leading to soaring rates of investment in renewable energy, according to the United Nations' annual "Global Trends in Sustainable Energy Investment" report.

Global Investment in Renewable Energy Reaches $100 Billion According to UN Report: Financial News - Yahoo! Finance

The UN report calculates global investment capital flows into renewable energy companies reached $100 billion for the first time in history last year. More than $30 billion of the total was the result of mergers and acquisitions led by investment banks such as JP Morgan and Goldman Sachs.

"The finance community has been investing at levels that imply disruptive change is now inevitable in the energy sector," says Eric Usher, Head of the Energy Finance Unit at the UN. Usher said the UN's "report puts full stop to the idea of renewable energy being a fringe interest of environmentalists. It is now a mainstream commercial interest to investors and bankers alike."

Global Investment in Renewable Energy Reaches $100 Billion According to UN Report: PRNewswire Business News - MSN Money