The UN Environment Programme reports on the astonishing recent growth in clean energy funding. Here are the most quotable factoids:
Sustainable energy investment was $70.9 billion in 2006, an increase of 43% over 2005.
Venture capital and private equity have increased from $2.7 billion in 2005 to $7.1 billion in 2007.
Research and Development increased to $16.3 billion in 2006, from $13 billion in 2005.
New asset financing in renewable energy generating plants in 2006 was $27.9 billion, an increase of 23% over 2005.
Carbon funds now total $11.8 billion.
The investment climate changes as the planet’s climate changes. One conclusion is worth singling out:
Energy efficiency is a significant, but largely invisible market, which is now attracting an increasing share of the limelight as investors realise its role in addressing growing global energy demand.
Kudos to UNEP for not focusing purely on clean energy supply, as so many reports do.