Global Investment in Renewable Energy Exceeds $240 Billion

NEW YORK—Global investment in renewable energy totalled $243 billion in 2010, according to an index developed by Bloomberg New Energy Finance. The "Corporate Renewable Energy Index" (CREX) is based on surveys of the world's 1,000 largest corporations based on market capitalization. Renewable energy investments in 2010 represent a significant increase over the $186 billion reported by the CREX for 2009. The CREX covers total energy consumption as well as renewable energy as a share of total energy consumption. The index also includes how corporations procure renewable energy, such as through renewable energy certificates (RECs), green pricing, carbon offsets, and direct investments.

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Source: ASHRAE, Vestas
Photo source: Vestas