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January 7, 2011

Clean energy policies to drive huge global investment

WASHINGTON

Private investments in G-20 nation clean power projects could total US$2.3 trillion by the end of the decade, according to a new report.

Massive energy demand and strong clean energy policies will drive investment in Asia, led by China and India. However, by adopting such policies, every G-20 member nation has the opportunity to attract more private investment in clean power projects and compete more effectively for business in this emerging global industry, according to the report by The Pew Charitable Trusts.

Asia became the top regional destination for clean power finance this year — with China and India leading the way due to strong clean energy policies. By 2020, China, India, Japan and South Korea will account for approximately 40 per cent of global clean power project investments.

DCN News Services

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