2010 was a record year for green energy investments. According to a report from Bloomberg New Energy Finance, nearly US $243 billion was invested in wind farms, solar power, electric cars, and other alternative technologies worldwide, representing a 30 percent increase from 2009 and nearly five times the money invested in 2004. China had $51.1 billion investment in clean energy projects in 2010, by far the largest figure for any country.
Within emerging economies, Brazil comes second to China in terms of clean energy investments. Supported by strong energy policies, Brazil has one of the world’s highest biomass and small-hydro power capacities and is poised for significant growth in wind energy investment. The cumulative investment potential in Brazil from 2010 to 2020 is projected as $67 billion.
India is another rising clean energy leader. While India ranked the 10th in private clean energy investments among G-20 members in 2009, over the next 10 years it is expected to rise to the third position, with annual clean energy investment under current policies forecast to grow by 369 percent between 2010 and 2020.
It is clear that the center of growth has started to shift to the developing economies and they may lead the world in the new wave of clean energy investments.
Around the world many sub-national governments - regions, states and provinces - have aggressively pursued sustainable energy investments. In the United States, California's leadership in renewable energy was recognised by The Climate Group when it awarded former Governor Arnold Schwarzenegger its inaugural award for international climate leadership in Copenhagen in 2009.
In Australia, the state of South Australia - under the leadership of former Premier Mike Rann - has led the way with wind power comprising 26% of its electricity generation by the end of 2011, edging out coal fired generation for the first time.
South Australia also has had the highest take-up per capita of household solar panels in Australia following the Rann Government's introduction of solar feed-in laws and educative campaign involving the installation of solar photovoltaic installations on the roofs of prominent public buildings, including the parliament, museum, airport and Adelaide Showgrounds pavilion and schools.
Rann, Australia's first climate change minister, passed legislation in 2006 setting targets for renewable energy and emissions cuts, the first legislation in Australia to do so.
Also, in the European Union there is a clear trend of promoting policies encouraging investments and financing for sustainable energy in terms of energy efficiency, innovation in energy exploitation and development of renewable resources, with increased consideration of environmental aspects and sustainability.
In October 2018, the American Council for an Energy-Efficient Economy (ACEEE) released its annual "State Energy Efficiency Scorecard." The scorecard concluded that states and electric utility companies are continuing to expand energy efficiency measures in order to meet clean energy goals. In 2017, the U.S. spent $6.6 billion in electricity efficiency programs. $1.3 billion was spent on natural gas efficiency. These programs resulted in 27.3 million megawatt hours (MWh) of electricity saved.