India among top green economies

With India receiving $10.2 billion investments in clean energy, the country has emerged as one of the top performing clean energy economies in the 21st century, an eminent American non-profit organisation said in a report.

With India receiving $10.2 billion investments in clean energy, the country has emerged as one of the top performing clean energy economies in the 21st century, an eminent American non-profit organisation said in a report.

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The Pew Charitable Trust, in its report, said India's clean energy sector continued to flourish in 2011, with private investment increasing 54% to $10.2 billion, placing the country at number 6 spot among the G-20 nations.

This was the second highest growth rate among the G-20 nations, The Pew Energy said in its research report released here on Wednesday.

"On a number of measures, India has been one of the top performing clean energy economies in the 21st century, registering the fifth highest five-year rate of investment growth and eighth highest in installed renewable energy capacity," said Phyllis Cuttino, director of Pew's Clean Energy Program.

"The country holds great potential in the Asia/Oceana region and will continue to be a top destination for private investment this year," she said.

Clean energy investment, excluding research and development, has grown by 600% since 2004, on the basis of effective national policies that create market certainty, Cuttino added.