2010 May Be $200B Year for Renewables

Renewable-energy investment may climb to a record $200 billion worldwide next year, according to Machel Liebreich of New Energy Finance.

Despite the fact that international climate change negotiations are expected to drag into 2010, public and private spending on clean energy projects is will rise about 50%, Bloomberg reports. 

That would top the industry’s record investment of $155 billion made in 2008.

Bloomberg surveyed the opinions of about a half-dozen analysts and executives on what was dubbed a "Renaissance Time" for the industry.

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