Although global renewable energy spending grew 17% in 2011, it fell 11% in 2012 to $269 billion. Spending is likely to fall again this year, mostly due to fossil fuel subsidies and regulatory issues, but rebound over the next few years as technology advances and costs decline. The Group of Twenty (G-20) countries comprised 81% of renewable energy spending in 2012. China’s renewable energy spending increased the most, growing 20% to account for 30% of total G-20 spending. Germany and Japan made up 11% and 8%, respectively. Although US renewable energy spending fell 37% to $35.6 billion, its wind and solar capacity grew 13.6 GW and 3.2 GW, respectively. Asset financing, small-distributed capacity investment, venture capital and private equity spending, and stock market financing made up 62%, 33%, 3% and 2% of G-20 renewable energy funding, respectively.

Source: Deloitte