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U.N. reports surging investments in renewable energy

AP newswire report Published on 14 July 2011
The U.N. says global investments in renewable energy jumped 32 percent to $211 billion last year, boosted by wind farm development in China and rooftop solar panels in Europe.

A report by the U.N. Environment Program shows that solar, wind, biomass and other forms of green energy are gaining momentum, despite the lack of progress in international climate talks aimed at slowing emissions of heat-trapping gases from fossil fuels.

The report also found that the developing world, led by China, for the first time attracted a majority of the investments in large-scale renewable energy projects. China spent $48.9 billion on such projects, mostly wind power – an increase of 28 percent from 2009.

The United States was second with investments of $23.8 billion. PD

—AP newswire report

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