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Global expenditure on renewable energy projects to double by 2020
(19/03/2010)

According to a new long-term projection model from Bloomberg New Energy Finance, annual global expenditure on renewable energy projects will increase from $90 billion (USD) in 2009 to $150 billion in 2020. The model shows that this will further increase to $200 billion by 2030 given current policy targets. The new findings apply the Bloomberg New Energy Finance Global Energy and Emissions Model GE2M, which is a long-term projection model covering the entire world energy system. The new mod... [more]

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