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Serving: United States

Renewable Energy Gets $100 Billion Globally

In 2006, global investment in renewable energy topped $100 billion.

Total global investment in renewable energy technologies was 25% higher in 2006 than the year before, topping $100 billion, according to a United Nations Environment Programme analysis.

The majority of that money - $71 billion - was invested in companies and new sector opportunities, 43% more than the year before. Another $30 billion came from mergers, acquisitions, buyouts, and asset refinancing.

Most of the investments are going towards wind power, solar energy, and biofuels, with $28 billion invested in new generating capacity.

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