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Green energy investment soars to $260 billion globally
EurActiv ^ | 13 January 2012 | Suzanne Goldenberg for The Guardian in content partnership with EurActiv

Posted on 01/14/2012 7:19:55 PM PST by Olog-hai

Global investment in clean energy reached a new high of $260 billion (€203 billion) last year, despite the financial crisis and the anti-environment agenda of Republicans in the US Congress, a United Nations investors' summit was told on Thursday (12 January).

Data from Bloomberg New Energy Finance, which tracks clean energy investment, showed a 5% increase compared with 2010, driven largely by a surge of money going to the solar industry.

Investment in solar power rose 36% last year to $136.6 billion. And while the US domestic political scene was riven by the furore over a $535-million government loan to the now bankrupt solar-panel manufacturer Solyndra, there was apparently little immediate direct fallout for industry.

The US made $56 billion in clean energy investment last year, overtaking China, which invested $47.4 billion. It is the first time since 2008 that the US has invested more. The surge reflected the phasing out of Barack Obama's economic recovery plan, which set aside as much as $80 billion for the green economy, once investment in high-speed railways is factored in.

"The stimulus went out with a bang," said Ethan Zindler, head of policy analysis for Bloomberg New Energy Finance. …

(Excerpt) Read more at euractiv.com ...


TOPICS: Business/Economy; Foreign Affairs; Miscellaneous; News/Current Events
KEYWORDS: climatefraud; collapse; decline; default; envirofascism; envirowackos; globalwarming; globalwarminghoax; greenenergy; richglobalists; thegreenlie
Nothing like euro-wacks trying to rewrite history, and of course demonize the GOP to a greater degree than their lapdogs the Dems do.
1 posted on 01/14/2012 7:20:01 PM PST by Olog-hai
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To: Olog-hai

The communists have come up with a way to take money away from non-communists. “Green energy”.


2 posted on 01/14/2012 7:21:43 PM PST by FlingWingFlyer ("Climate Change" my a.... All weather is local.)
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To: FlingWingFlyer

“The communists have come up with a way to take money away from non-communists. “Green energy”.”

I assure you, once it becomes clear we aren’t going to give it to them, they will revert to their old bloody handed ways. We’ll meet them at Third Manassas yet.


3 posted on 01/14/2012 7:29:54 PM PST by jessduntno ("'How fortunate for governments that the people they administer don't think." - Adolph Hitler)
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To: Olog-hai

Yeah...the government is spending OUR MONEY on these losing green energy projects....and bragging about it....talk about chutzpah


4 posted on 01/14/2012 7:30:46 PM PST by goodnesswins (2012..."We mutually pledge to each other our Lives, our Fortunes, and our Sacred Honor")
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To: Olog-hai

A quarter of a trillion dollars, and no breakthrough yet.

Lefties, “If only the government would get more involved...”


5 posted on 01/14/2012 7:30:56 PM PST by DoughtyOne (This administration is Barawkward... yes lets try everything that failed in the 20th Century. NOT!)
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To: Olog-hai

The Guardian openly practices left wing advocacy journalism. ( in the best tradition of Pravda). Sadly so does the Times.


6 posted on 01/14/2012 7:35:09 PM PST by allendale
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To: Olog-hai

The Guardian openly practices left wing advocacy journalism. ( in the best tradition of Pravda). Sadly so does the Times.


7 posted on 01/14/2012 7:35:37 PM PST by allendale
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To: Olog-hai
Related

CBS: Obama admin spent $6.5 billion on risky green-tech ventures;
Update: Obama proposes to save less than half in org consolidation

8 posted on 01/14/2012 7:50:39 PM PST by opentalk
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To: DoughtyOne
A quarter of a trillion dollars, and no breakthrough yet.

Embryonic stem cell research?

Oh, I'm sorry, we're talking about green energy, aren't we.

Success isn't the objective; wasting as much taxpayer money as possible is the objective.

9 posted on 01/14/2012 8:03:37 PM PST by FlyVet
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To: Olog-hai
" Clean coal” is also considered clean energy coming from "gasified coal". Hydropower, geothermal is another clean energy.

Bottled gas is and an alternative with many using "monitors" and "gas fireplaces" with soapstone inlays to absorb the heat that resemble a wood stove. Gas supported whole house generators are costly but backup for the storms that plow through the NE. Cord Wood a renewable source is always an alternative in the Northeast which is very much dependent on oil.

If my part of the NorthEast can tap into Canada's resources, which is under close consideration with our New Brunswick neighbor at this time, a gas pipeline running along railroad beds and other already clear cut pathways..we will do what we have to do; while not waiting for this the Federal govt to play political games or hold hostage energy sources for many Americans who will benefit from the Keystone. A project through a part of this country that does not serve to my benefit anytime in the near future or maybe never.

Energy costs is a top priority by Maine's governor Paul LePage in 2012 [video].

http://www.rigzone.com/training/insight.asp?insight_id=334&c_id=19

https://bangordailynews.com/2011/11/18/business/lincoln-paper-mill-prepares-to-anchor-proposed-gas-pipeline/print/ [the project pipeline but written in a negative Lib media outlet, but you get the story]

We do what we have to do.... the consumer within their specific region will decide.

Jan. 12 Business week story: Keystone Pipeline Backers Press Obama for Decision in Week

10 posted on 01/14/2012 8:06:59 PM PST by fight_truth_decay
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To: Olog-hai

Every time I drive past those boarded up ethanol plants I think of those billions of dollars invested in green energy and the wise ones of DC and Europe.


11 posted on 01/14/2012 8:30:14 PM PST by RetiredTexasVet (There's a pill for just about everything ... except stupid!)
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To: jessduntno

What do you mean by “Third Manassas”?

The third battle of Bull Run?


12 posted on 01/14/2012 9:18:39 PM PST by Kennard
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To: FlyVet

And in that, they have been quite successful.


13 posted on 01/14/2012 9:19:08 PM PST by DoughtyOne (This administration is Barawkward... yes lets try everything that failed in the 20th Century. NOT!)
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