Renewable Energy Keeps Growing: Earth Summit in Rio provides an opportunity for more action

by Jake Schmidt

Earth Summit 2012

Several new reports released over the past few days show that renewable energy keeps growing, with more countries implementing policies or incentives to spur renewable energy deployment. The studies found that renewable energy accounted for $211 billion in new investments in 2010 – an increase of 32% from the previous year. Next year at the Earth Summit in Rio, countries and companies have a chance to build upon this momentum by committing to deeper actions to spur renewable energy deployment within their country and company. This is an important opportunity that shouldn’t be missed.

So what are the key findings of these new reports (one from the Renewable Energy Policy Network for the 21st Century –REN21—and the other from the UN Environment Program –UNEP)?

Renewable investments are a very large sector that is growing rapidly. If it were a country, the total value of new renewable energy investments in 2010 would make it the 42nd largest economy in the world.  Continued...


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