How Much Clean Energy Does a Trillion US Dollars Produce?

It might have been a biomass co-generation
plant in Brazil, or a wind farm in Mexico. 

Or perhaps that solar
thermal plant in Morocco. Whatever it was, somewhere around the world late last
month (November 2011) the trillionth dollar was invested in clean energy since
Bloomberg New Energy Finance began tracking the lucrative industry in 2004.
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Clean energy hauls in $1 trillion
since ’04

By Pete Danko in EarthTechling (9
December 2011):

It might have been a biomass
cogeneration plant in Brazil, or a wind farm in Mexico. 

Or
perhaps that solar thermal plant in Morocco.

Whatever it was, somewhere around
the world late last month (November 2011) the trillionth dollar was invested in
clean energy since Bloomberg New Energy Finance began tracking the lucrative
industry in 2004.

Bloomberg New Energy Finance
chief executive Michael Liebreich noted that 2004 was the year oil prices began
to climb from $20 or so a barrel toward triple figures, where they hover now.

“It was also the year,”
Liebreich said, “in which Germany introduced its groundbreaking feed-in
tariff rules, which have been widely copied around the world.”

Liebreich said those factors and
other incentives and initiatives have driven sharp increases in clean-energy
investing – from $52 billion in 2004 to a record $243 billion last year.

Proof enough, Liebreich asserted,
that whether the U.N. climate conference in Durban, South Africa, results in a
deal on carbon emissions is pretty much a moot point.

“The
trillionth-dollar milestone shows that the world is not waiting for a deal on
climate in order to start turning the super-tanker away from fossil
fuels,” Liebreich explained.

“It should serve as a
message to the U.N. and all those in Durban to stop obsessing about a binding
deal to cap carbon emissions, and to think much harder about how to speed up
investment in the solutions. Another five years of investment growth at the
same compound rates, and the world will have broken the back of emissions
growth.”

Source:  www.tgdaily.com