Renewable Energy at $254 Billion? Let's Make It a Clean Trillion

Billionaire bankers gathered at the United Nations yesterday to call for more investment in renewable energy -- $1 trillion a year, to be exact.
 
It won’t be easy. Global investment in renewable energy fell 12 percent in 2013 to $254 billion, according to data released by Bloomberg New Energy Finance (BNEF), casting a shadow over the notion of a “clean trillion.”
 
Last year was the second decline in renewable investments since 2011’s record-high $318 billion. Investors and climate-policy advocates including hedge-fund billionaire Tom Steyer and former U.S. Treasury Secretary Robert Rubin called for changes to financial markets that would boost investment. Financing must double by 2020 and double again to $1 trillion by 2030 in order to avoid global warming of more than 2 degrees Celsius, reports Ceres, the host of yesterday's conference.
 
These top-line numbers are fuzzy and paint a picture that’s perhaps more bleak than reality. First, the price of solar energy continues to tumble, so more renewable energy is being generated with fewer dollars invested. Second, while BNEF’s clean-energy tally is the most comprehensive for renewable energy, it’s not all-encompassing; it doesn’t include most energy-efficiency measures, fuel-efficiency gains or expanded public transportation.

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Lithium Ion Battery based Power Systems for Mobile Energy

Lithium Ion Battery based Power Systems for Mobile Energy


Get an efficient power supply system based on lithium technology and receive 12V/24V and 230V/50Hz simultaneously.

The Clayton Power lithium battery system can be charged from the mains via a G3 Combi - inverter/charger, an alternator while driving or from other power sources.

Our lithium ion batteries can be connected in parallel to achieve scalable power capacity and output. Connect more inverters or inverter/chargers to get a greater 230V output and even faster charging times.

Combined Inverter/Chargers
The G3 Combi - Inverter/Charger series, is a combined 230V power supply and intelligent multi charger in one compact unit.

Lithium Ion Batteries
Built-in Battery Management System. 12V and 24V - 100Ah. Scalable up to 2000Ah.

+ Powerful + Low weight + Long lifetime + Fast charging


Clayton Power | Lithium Battery Systems for Mobile, Off-Grid and Storage Solutions