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The prospects for getting a global agreement on limiting greenhouse gases may be grim, but the world is shifting toward consuming more renewable energy in any case. According to Bloomberg New Energy Finance, last year investors poured $187 billion into electricity from renewable sources (wind, sun, biomass, etc.), versus $157 billion for fossil fuels, marking the first time ever that clean......read more
Despite significant economic hurdles, 2011 was a big year for renewable energy. According to a UN report released this week, global investment in clean power surged to a record $257 billion in 2011, with solar attracting more than half ($147 billion) of the total spending. The report, "Global Trends in Renewable Energy Investment 2012," is published by UNEP based on data from Bloomberg New......read more
Solyndra be damned. The well-publicized failure of the solar energy company is but one black mark on an industry that is actually booming. According to the 2012 edition of Clean Edge's Clean Energy Trends report, things look very bright indeed. At Co.Exist, writer Ariel Schwartz sums up the findings: 2011 was the largest year for global wind power installations ever. Wind power is projected......read more
This week, Google announced a $280 million investment in SolarCity, the California-based solar startup company founded by Elon Musk (the man behind Tesla Motors, Space X, and Paypal). The deal is Google's largest clean tech investment yet. SolarCity offers solar leasing, which alleviates the somewhat intimidating upfront costs of buying solar panels and allows homeowners......read more
Alright, this does seem a bit too sci-fi for our world. But something about it is also very appealing, and people are taking notice. Inhabitat reports that Google just invested $1.05 million into Shweeb's bike monorail system, in which cyclists ride in clear tubes attached to monorail track, pedaling themselves along at relatively high speeds. The system is currently in place in New Zealand,......read more
