$200 bln in global green stimulus spending, estimates bank

A report issued on Tuesday by Deutsche Bank’s clean energy research team estimates that governments around the world have committed about $200 bln to cleantech solutions to cut dependence on fossil fuels and generate economic growth.

The report also noted that since July 2008 governments in the U.S. and Europe have implemented more than 250 green policies that support alternative energy such as solar and wind power and climate-change mitigation.

The U.S. stimulus package, recently signed into law by President Obama, allocates about $106 bln, or nearly 14 percent, of the $787 bln stimulus package, to green energy. In the European Union, some $60 bln in stimulus spending is set to fund clean energy projects, according to Deutsche Bank.

Global “green” energy stimulus hits $200 bln-bank (Reuters)

Investing in climate change 2009 (Deutsche Bank — Report)