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.”


In Depth

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

Five Tips For Successfully Marketing Your Hedge Fund

Jan 30 2015 | 9:14am ET

When it comes to the hedge fund industry, the notion of “build it and it will...

 

Editor's Note