RECORD NEAR HALF A TRIL INVSTMT BANK $$$ TO NEW ENERGY
Development Banks – Breaking The $100bn-A-Year Barrier
10 September 2013 (Bloomberg New Energy Finance)
“Development banks have made enormous investments in broad clean energy since 2007…Over the past six years (2007-12), development banks provided $425bn of finance…In 2012 alone, $109bn of investment was provided, 19% higher than the 2011 figure of $91bn…Renewable energy has been the main recipient of clean energy investment, followed by energy efficiency and electrical transmission and distribution…[I]nvestment flows from developed to developing countries…amounted to $9.9bn in 2012. The 2011 figure was just a fraction higher at $10.1bn…[F]lows between developing countries…reached an all-time high of $7.5bn in 2012…Bloomberg New Energy Finance envisages growth in development bank funding of between 15% and 30% in 2013…” click here for more
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