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Growth in the Clean Energy Economy. 95%. Clean energy investment that comes from G-20 countries. Increase in global clean energy investment since 2004.* Billion was invested in 2011 – a record. Gigawatts of new renewable energy deployed in 2011 – a record. 600%. $263. 83.5.
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Growth in the Clean Energy Economy 95% Clean energy investment that comes from G-20 countries. Increase in global clean energy investment since 2004.* Billion was invested in 2011 – a record. Gigawatts of new renewable energy deployed in 2011 – a record. 600% $263 83.5 Source: Bloomberg New Energy Finance *Excluding research and development
Deployment Dominates Investment Priorities $225 Billion worth of nongovernment, non-research clean energy investments in 2011. Billion worth of asset finance and small distributed capacity investments in 2011. $212 Source: Bloomberg New Energy Finance
Solar Investment Soars $128 Billion worth of solar energy investments in 2011 – more than half of all clean energy investments in G-20. Billion worth of wind energy investments in 2011. $72.1 Source: Bloomberg New Energy Finance
Growth in the Clean Energy Economy Total clean energy generating capacity at the end of 2011. 565gigawatts Source: Bloomberg New Energy Finance
Measuring Competition $48 $45.5 $30.6 *In Billions Source: Bloomberg New Energy Finance
Measuring Competition Source: Bloomberg New Energy Finance
Measuring Competition United States Clean Energy Initiatives that Expired in 2011 • Advanced Energy Manufacturing Tax • Credit • Department of the Treasury Section • 1603 Grant Program • Department of Energy Section 1705 • Loan Guarantees • Energy Efficient Appliance Manufacturing • Energy Efficient Homes Tax Credit for Builders The United States is hard pressed to sustain 2011’s success as the leader in attracting clean energy investment.
Measuring Competition Investment intensity: a measure of clean energy investment as a percentage of gross domestic product (GDP). Source: Bloomberg New Energy Finance
Measuring Competition Source: Bloomberg New Energy Finance
Measuring Competition Policy Matters: China revised upward a national target for solar deployment in 2011. To help achieve this target, China adopted its first national feed-in tariff for solar projects. 50 GW by 2020 Source: Bloomberg New Energy Finance
Big Opportunities for the U.S. • Rising energy demand abroad presents export opportunity for the U.S. • 80% of all future energy demand will come from developing nations. • Investors need long-term market certainty.