Jan 8 2014
Research and Markets has announced the addition of the "Investment in Renewable Technologies Worldwide" report to their offering.
Renewable energy is responsible for contributing almost 29.3% of human energy use all across the globe. With pollution levels rising incessantly, renewable energy resources have turned out to be a major boon to the environment as well as investors world over. Green energy overtook fossil fuels in attracting investment for power generation in the recent times. Wind, solar and other clean technologies attracted investments which overtook that 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 highest level of 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. A variety of new renewable sectors have been attracting capital, while different geographical areas such as Kenya and Angola are too entering the field. Wind energy sector, where the US is now global leader, has been attracting the highest new worldwide investment. Biofuels were the next most popular investment. Europe still remains the main center for investment in green power with huge amounts of money being pumped into projects across the continent, and then is followed by US.