Renewable Energy Investment on the Up in 2008

2008 was a good year for investment in renewable energy technologies.  Over $150 billion was invested, much of it directly funding the construction of new projects worldwide, according to a report from New Energy Finance, the people who crunch the numbers of the UN’s Sustainable Energy Finance Initiative.  Considering the economic climate, the numbers are both encouraging and surprising.

Solar energy continues to be the fastest growing sector, but the most encouraging stat is that worldwide investment in renewable enregy  quadrupled between 2004 and 2008.  Check out the link above for more highlights from the report, or download it here.