RSS Feeds

News Summary: $257B in renewable energy for 2011

Monday - 6/11/2012, 11:52am  ET

By The Associated Press

(AP) - SOLAR SHINES: Global investment in renewable energy reached a record of $257 billion last year, with solar attracting more than half the total spending, according to a U.N. report released Monday.

CHINA, U.S. LEAD: China was responsible for almost a fifth of the total investment volume, spending $52 billion on renewable energy last year. The U.S. was close behind with investments of $51 billion.

STILL SMALL: Renewable energy provided just 16.7 percent of global energy consumption in 2010. By comparison, more than 80 percent of electricity consumed worldwide still comes from fossil fuels.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)