Posted on June 27, 2014 by admin
“Climate change” the term has evolved from being a scientific reference to a household name in recent times. The extensive attention and coverage in the media regarding the issue has propelled it as a key political issue among the general public.
The total worldwide investment with respect to climate change came up to $364 Billion in 2011 and $359 Billion in 2012. With both years roughly remaining the same, the dependency on fossil fuel is still on the higher end.
A peek ahead:
It’s estimated that a $5 Trillion additional investment will be needed to effectively replace fossil fuels with clean energy by 2020, which gives a sense of the demand for alternative energy financing in the future.
A major chunk of clean energy produced is used domestically and mostly consumed in the same geographical location. Investor sentiment is mainly focused in the domestic market that currently reaches $270 billion.
Role of Energy Financing:
Reviewing the energy finance solutions in 2012, it’s revealed that out of the $359 Billion, $224 billion came from the private sector. Industry pundits predict that the trend can only go up as clean energy will soon become an inevitable necessity rather than an alternate luxury.
The role of investment and companies dedicated to energy efficiency financing are growing in demand, in addition to the production of clean energy can save hefty amounts of money on energy bills in the long run.
For clean energy financing solutions visit: www.terawattdynamics.com