According to Bloomberg New Energy Finance, a trillion dollars – that’s a thousand billion, or 748 billion euros – has been invested in renewable energies, energy efficiency and smart energy technologies since 2004.
As stated in the article : ” Annual clean energy investment has risen nearly five-fold, from $52bn (39 billion euros) in 2004 to $243bn (181 billion euros) last year, a compound annual growth rate of 29%. “
Bloomberg believes that world leaders in Durban should focus on how to keep this momentum rather than trying to find a deal on emissions. I blogged recently on how we could do just that…