The G-20 Clean Energy Report
China takes the lead as global clean energy investments are projected to reach US$200 bn in 2010. WorldPower
F Trusts.1
or the first time, China led the United States and other G-20 members in 2009 clean energy investments and finance, according to data released by The Pew Charitable Last year, China invested US$34.6 bn in the clean
energy economy – nearly double the US total of US$18.6 bn. Over the last five years, the US also trailed five G-20 members (Turkey, Brazil, China, the UK, and Italy) in the rate of clean energy investment growth. In Who’s Winning the Clean Energy Race?, Pew examined key financial, investment and technological trends related to G-20 members and the clean energy economy. The report tracks and measures global investment activity – ranging from venture capital, initial public offerings from companies seeking to expand, mergers and acquisitions and lending for large-scale projects – in this sector. The report highlights how G-20 members are participating
and where they rank in the clean energy economy. The data was compiled and reviewed by Pew’s research partner, Bloomberg New Energy Finance (NEF), a leading provider of news, data, research and analysis to decision-makers in renewable energy, carbon markets, energy smart technologies, and carbon capture and storage. The report’s primary focus is on investment as this is the fuel that propels the innovation, commercialisation, manufacturing and installation of clean energy technologies. The report found that the global clean energy economy has experienced remarkable growth:
• Globally, clean energy investments have increased 230% since 2005.
• Investment by nearly all G-20 members grew by more than 50% over the past five years.
• Despite a worldwide recession, global clean energy investments reached US$162 bn in 2009.
• G-20 members accounted for more than 90% of worldwide clean energy finance and investment.
• More than 250 gigawatts of renewable energy generating capacity have been installed around the world, producing
six percent of global energy.
• Global clean energy investments are projected to reach US$200 bn in 2010.
“Even in the midst of a global recession, the clean energy
... the global clean energy economy has experienced remarkable growth
market has experienced impressive growth,” said Phyllis Cuttino, who directs the Pew Environment Group’s Global Warming Campaign. “Countries are jockeying for leadership. They know that investing in clean energy can renew manufacturing bases and create export opportunities, jobs and businesses.” “The facts speak for themselves,” said Bloomberg NEF Chief Executive Michael Liebreich. “China is now clearly the world leader in attracting new capital and
making new investments in this area.” The ongoing priority for energy security, global warming pollution reduction and job creation will drive investment up 25% to a record US$200 bn in 2010, Bloomberg NEF forecasts.
Figure 1: Global Trends in Financial Investment in Clean Energy, US$ bn
Source: The Pew Charitable Trusts worldPower 2010 89
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