Global Clean Power Sector Could Attract $2.3 Trillion by 2020

Surging Growth in China and India Dramatically Shifts Investment to Asia

WASHINGTON, December 8, 2010 - Private investments in G-20 clean power projects could total $2.3
trillion by the end of the decade, according to a report released today by
The Pew Charitable Trusts. Massive energy demand and strong clean energy
policies will drive investment to Asia, led by China and India. However, by
adopting such policies, every G-20 member has the opportunity to attract more
private investment in clean power projects and compete more effectively for
business in this emerging global industry.

Global Clean Power: A $2.3 Trillion Opportunity examined projected
private investment in wind, solar, biomass/energy from waste, small hydro,
geothermal and marine energy projects. The underlying data for this report
were compiled by Bloomberg New Energy Finance, the world's leading provider
of news, data and analysis on clean energy and carbon market finance and
investment. The report modeled three policy scenarios to determine future
growth through 2020: Business-as-usual: no change from current policies;
Copenhagen: policies to implement the pledges made at the 2009 international
climate negotiations in Copenhagen and; Enhanced clean energy: maximized
policies designed to stimulate increased investment and capacity additions.

"The message of this report is clear: countries that want to maximize
private investments, spur job creation, invigorate manufacturing and seize
export opportunities should strengthen their clean energy policies," said
Phyllis Cuttino, director of the Pew Climate and Energy program.

The report found that the clean energy sector continues to be an immense
economic opportunity. G-20 members have the potential to gain an additional
$546 billion in clean power project investments over the next decade compared
to Business-as-usual. Under the Enhanced clean energy scenario, the projected
$2.3 trillion investment in clean power projects would be equivalent to
adding the entire GDP of the United Kingdom to the global economy. Over that
same time span, total renewable energy capacity additions in the G-20 are
projected to reach 1,180 gigawatts, almost four times the amount of renewable
energy capacity that exists today.

In the G-20, total attracted clean power project investment is projected
to be:

    - Business-as-usual: $1.7 trillion by 2020
    - Copenhagen: $1.8 trillion by 2020
    - Enhanced clean energy: $2.3 trillion by 2020

Asia became the top regional destination for clean power finance this
year - with China and India leading the way due to strong clean energy
policies. By 2020, China, India, Japan and South Korea will account for
approximately 40 percent of global clean power project investments.

"Strong and consistent policies in Asia have helped double private
investment over the past two years. Asia is now the leading region for clean
energy investment, and its lead is set to extend in the near future unless
Europe and the US make a step change in their support for the sector," said
Michael Liebreich, CEO of Bloomberg New Energy Finance.

Under all three scenarios, China maintains its global leadership position
and has the potential to attract cumulative clean energy asset investments of
$620 billion over the next decade. Due to its clean energy policies, India
rockets up to third place by 2020 under all scenarios after being ranked 10th
in 2009. India could realize a 763 percent increase in investment under the
enhanced scenario, the largest of all G-20 members.

Europe was an early leader in the global clean energy economy thanks to
strong clean energy policies and targets. The report found investment in
clean power projects in the European Union could total $705 billion over the
next decade under the Enhanced clean energy scenario. The United Kingdom and
Germany, traditional clean energy powers in Europe, rank in the top five
globally of attracted clean power project investments under all three
scenarios.

The report also found that the United States is among those countries
with the most to gain from passing strong clean energy policies. For example,
the U.S. has the potential to attract $342 billion in clean power project
investments over the next 10 years under the Enhanced clean energy scenario.
That would represent an additional $97 billion compared to attracted
investment under Business-as-usual, a 40% increase in investment. Only India
and the United Kingdom have the potential to increase investments at a higher
rate.

Read the entire report, including other key findings, country profiles,
interactive graphics and video at www.PewEnvironment.org/CleanEnergy.

The Pew Charitable Trusts is driven by the power of knowledge to solve
today's most challenging problems. Pew applies a rigorous, analytical
approach to improve public policy, inform the public and stimulate civic
life.

CONTACT: Tracy Schario, +1-202-540-6577, tschario@pewtrusts.org, or
Shannon Pao, +1-202-540-6568, spao@pewtrusts.org, both of The Pew Charitable
Trusts

Tracy Schario, +1-202-540-6577, tschario at pewtrusts.org, or Shannon Pao, +1-202-540-6568, spao at pewtrusts.org, both of The Pew Charitable Trusts