According to Bloomberg New Energy Finance, total new investment in sustainable energy worldwide reached $162 billion in 2009, nearly four times of 2004.
With $65 billion worth of new financial investment in clean energy already registered in the first half of 2010, some 22 percent up on the same six months of 2009, the market seems to be on an upswing.
What is significant is the distinct shift in focus from Europe and North America to Asia-Pacific, with a sharp increase in financial investment from $31.3 billion in 2008 to $40.8 billion in 2009.
Some $188 billion in government stimulus packages was also allocated to greening and climate change measures in 15 major economies between the autumn of 2008 and early 2010, with Asia-Pacific accounting for over 45 percent of this spending.
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