Expert Says Cleantech Investment Not Dependent on Copenhagen

Dec 7 2009 | 6:39am ET

Investment in renewable energy could reach a record $200 billion worldwide in 2010 regardless of the outcome of climate talks in Denmark, New Energy Finance chair Michael Liebreich told Bloomberg News.

Liebreich, whose firm provides research into the clean energy sector, said private and public spending on technology like solar panels and wind turbines will rise about 50% from $130 billion in 2009, as companies like Hong Kong’s CLP Holdings Ltd and American Electric Power Co launch large-scale projects.

Government spending on green energy will more than double year on year in 2010 to $60 billion said Liebreich, pointing to the U.S., China and 10 other nations that have approved green energy stimulus funding worth $177 billion over several years.

Joe Muscat, director of cleantech at New York-based Ernst & Young, told Bloomberg:
 
“Country by country, state by state, regulations will continue to spur demand independent of what might happen in Copenhagen.”


Lifestyle

Survey: Wall Street Banks Still Top Silicon Valley, Hedge Funds for Freshly-Minted MBAs

Jun 21 2016 | 9:01pm ET

Contrary to concerns that Wall Street isn't as appealing to new graduates as it...

Guest Contributor

The Future of the Blockchain in Financial Services Communications

Jun 17 2016 | 1:05pm ET

Over the past year, a large portion of the financial services industry has awakened...