Global Clean Energy Investment a Record $263 Billion in 2011
“Clean energy investment, excluding research and development, has grown by 600 percent since 2004, on the basis of effective national policies that create market certainty,” saidPhyllis Cuttino, director of Pew’s Clean Energy Program. “This increase was due in part to the number of countries that have implemented effective national policies to support the clean energy market. In the United States, which attracted $48 billion last year, investors took advantage of the country’s stimulus programs before they expired at the end of 2011, as well as the production tax credit for electricity from renewable energy, which is to end this December.”
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