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Green Energy Overtakes Fossil Fuel Investment, Says UN

A farmer rides his motorcycle near wind turbines in May 2009. Global investments in renewable energy overtook those in carbon-based fuels for the first time in 2008, attracting a record 155 billion dollars, a UN report said Wednesday. (AFP/File/Joe Klamar)

Green energy overtook fossil fuels in attracting investment for power generation for the first time last year, according to figures released today by the United Nations.

Wind, solar and other clean technologies attracted $140bn (£85bn) compared with $110bn for gas and coal for electrical power generation, with more than a third of the green cash destined for Britain and the rest of Europe.

Posted in Energy, renewable energy